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Banquet Catering Business For Sale
Location New Jersey,United States
Asking Price Range $250K - $500K
Gross Revenues $250000
Net Profit / Cash Flow $100000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1965
Number of Employees 10 - 19
Inventory 350000 Equipment Only
Relocatable No
Number of Employees 10 - 19
Real Estate Owned
Training The seller will remain post closing and supply a long term transitional period.
Reason for Sale Retiring after fifty five years in this particular food service industry.
Description Exclusive ultra modern Banquet facility located in Northern New Jersey Bergen County. This 11,000 square foot facility consists of three beautiful rooms that can seat four hundred fifty patrons and service three separate social affairs. Located in an upscale community of Bergen County, New
Jersey close to all major highways. The facility is twenty minutes from the GW Bridge and NY Lincoln Tunnel. Bergen County consists of various middle class wealthy communities with a large urban population. The sale includes a valuable consumption liquor license, a huge commercial kitchen, sound
and lighting system and all required equipment for this banquet business. The building has a legal capacity for 450 customers consisting of 11,000 sq ft, on one main floor with private offices on the second floor and a full basement. Private parking for 100 vehicles is on the site and part of the lease agreement. The business is opened only for private catering affairs. The business has a New Jersey State consumption liquor license and live entertainment approval with the municipality. The sale includes a long term lease with an option to purchase the real estate with a monthly rent of
$7,500 triple net. From their private glass enclosed garden rooms to the exquisite dining rooms, the setting is designed for comfort and intimacy. The business has had many years of wonderful successes and can continue to develop with new on site management. The sale includes a valuable liquor license and turnkey operation. The seller is retiring and will supply financing and an option to purchase the real estate at fair market value.
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