locally owned since 1854

Black Horse Tavern in Middletown closed, business for sale

By Dan Miller

danmiller@pressandjournal.com

717-944-4628
Posted 6/20/18

Black Horse Tavern closed last month, and the restaurant and building it occupies at 101 E. Main St. in Middletown are for sale, the owners say.

The Black Horse real estate and restaurant business …

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Black Horse Tavern in Middletown closed, business for sale

Posted

Black Horse Tavern closed last month, and the restaurant and building it occupies at 101 E. Main St. in Middletown are for sale, the owners say.

The Black Horse real estate and restaurant business has an asking price of $795,000, according to a listing posted online by Sans & Company. The sales price includes the Pennsylvania liquor license, which is transferrable to a new owner.

“We are downsizing,” said Peter Zoumas Jr., who with his father Peter Zoumas Sr. and uncle Kimon Zoumas make up GFD LLC, the partnership that acquired the former Lamp Post Inn property in March 2015.

The partnership owns and operates two other restaurants, The Manor Restaurant & Lounge in West Hanover Township, and The Hearth Family Restaurant in Lebanon.

“It is too much work for the both of us,” Zoumas said, referring to his father Peter Sr., whom Zoumas said wants to retire soon.

Zoumas told the Press & Journal on June 14 that he had shown the Black Horse to four people. The partnership has received two offers on the property, Zoumas said.

The partnership purchased the property for $300,000, which matches the building’s current assessed value, according to Dauphin County tax records.

However, the partnership invested about $320,000 in renovations to the property after purchasing the real estate, Zoumas said.

After renovations, the Zoumas partnership reopened the restaurant as the Black Horse Tavern in January 2016. In August 2016, the partnership leased the restaurant business to a partnership led by Tommy Pavlovic, a Middletown native who returned home after years working the bartending trade in downtown Harrisburg and then in Los Angeles.

Pavlovic lowered the prices and brought back some of the atmosphere of the old Lamp Post Inn days. But on May 19 he posted a notice on the Black Horse Facebook page saying the restaurant would close May 22. It has not reopened.

Pavlovic told the Press & Journal in a Facebook message that there wasn’t enough cash flow coming in from the restaurant alone to allow him to do what he wanted with the business.

He tried to purchase the entire building, including the apartments above the restaurant, but he couldn’t get the financing together to make the deal happen.

“The rental income and the bar together would have been profitable,” Pavlovic said.

The 10,000 square-foot building includes four apartments and 14 rooms for rent, the listing states.

“I needed to let it go … it’s a shame,” Pavlovic added. “I love the town. I was born here and I really wanted to provide a service to the town and its residents. I really have no idea what the future holds for the space. Whatever it is I wish the new (owners) whoever they may end up being the very, very best of luck.”