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BUSINESSES FOR SALE

If you are looking to buy a business or sell a business, GlobalBX can help you. GlobalBX is a free business for sale listing exchange that provides a confidential forum to facilitate the buying and selling of businesses with thousands of businesses and franchises for sale as well as comprehensive business information for business buyers and business sellers. Buy a business, sell a business, find a franchise for sale or franchise opportunity at GlobalBX. Click Here to access GlobalBX's full site.

Businesses For Sale   >>   Connecticut Businesses For Sale Categories   >>   

Booked Banquet / Catering / Hotel Facility For Sale

Location  Connecticut,United States
Asking Price Range  $5.0M - $10.0M
Gross Revenues  $2500000
Net Profit / Cash Flow  $1000000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  1975
Number of Employees  35 - 49
Inventory  $9,000,000 plus.
Relocatable  No
Number of Employees  35 - 49
Real Estate  Owned
Training  Owner will stay on if needed to train.
Reason for Sale  Owner retiring.
Description  Spectacular Banquet and Catering business and property for sale! 2009 appraisal exceeds $7,500,000 for the property alone and 2007 income exceeded $2.4 million (2008 similar). The fall is booked solid though the owners cut their schedule and only accepted bookings Friday, Saturday and Sunday, so huge upside potential for those who want to grow the business. The facility Seats up to 1000 inside and an additional 500 outside. It also has a new chapel on premise for those wanting a full service wedding on the property and basic approvals are in place for a 80-120 room hotel. Owner will stay on to train and is also willing to hold 2/3 of the note for the right investor/owner. Email me for set-up.
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