Maxwell's, the iconic venue and bar in Hoboken, New Jersey, is back on the market.
Less than three years after being sold to new owners Evan Dean and Pete Carr in 2014, the restaurant is listed online with an asking price of $1.3 million, a source confirms. The new owners ran the storied venue as a family restaurant specializing in thin-crust artisanal pizza and continued to present live entertainment, including rock and country themed nights.
According to the listing on BizBuySell.com, the venue is described as a "Nationally Recognized Turnkey Bar/ Restaurant with a "33" plenary liquor license included in sale. Completely Renovated with brand new equipment and fixtures." The business additionally "has state of the art live music facilities with two full service operating bars including 30 taps. Prime corner location with unbelievable visibility on Washington Street. Incredible Opportunity. Will Not Last!"
Launched in 1978 by Steve Fallon with talent booker Todd Abramson joining the fold in 1986, the Washington Avenue venue hosted premier alternative artists for decades, including: Nirvana, New Order, REM, the Replacements, Husker Du, Liz Phair, The Minute Men, Wire, X, Yo La Tengo, Sonic Youth, X, The Bongos, Yo La Tengo, Pylon, Dinosaur Jr. and the Red Hot Chili Peppers among many others.
In the late '90s a failed reboot of the venue as a brew pub led to Abramson and two partners, Sonic Youth's Steve Shelley and the Amazing Incredibles' Dave Post, reclaiming the space and continuing to run it as it had been previously. At other times, according to the Cliff View Pilot, Peter Buck of REM owned a stake in the club to help keep it running; and later Bob Mould, formerly of Husker Du, bought out Buck's share.
Maxwell's may have gained its greatest mainstream exposure in 1985 when the venue was used as the backdrop to Bruce Springsteen's "Glory Days" video directed by local John Sayles.