Owner Steve Hofstetter said he decided to sell the place after it became increasingly more difficult to run from his current home in Los Angeles where he is pursuing other opportunities.
Likewise, general manager Jacob Morvay recently had a baby, giving him less time to devote to the club.
Hofstetter said that he is talking with a number of individuals who have made offers to buy the club, which could become a bar or a restaurant.
The club, a former clothing store, opened its doors in December 2011 and quickly established itself as a place for up-and-coming comedians from across the city.
“I think we built something very cool,” he said. “And we’re really proud of that. “I would love for it to be a comedy club, but we’re pursuing every avenue. I would rather it be a good bar than a bad comedy club. If it stays the same, 95 percent of people aren’t even going to notice the difference.”
Hofstetter said his main focus is to sell the club to someone who will be a positive member of the Long Island City community.
“We are going to do everything we can to make sure the staff still has jobs,” he said.
The Laughing Devil was hit particularly hard by Hurricane Sandy. During what would have been the busiest six weeks of the calendar in November and Decdember, the club was relatively empty.
“People had more important things to do than go to a comedy show,” he said. “And I understand that.”
Although Hofstetter has no deadline to sell the club, he says that if he had to guess it would be sold in the next few weeks.
“Until it gets sold, it’s going to the be the same place it has always been,” Hofstetter said.