Well Known Catering Hall & Restaurant
Location New York,United States
Asking Price Range $500K - $1.0M
Gross Revenues $950000
Net Profit / Cash Flow $207499
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1963
Number of Employees 10 - 19
Relocatable Not Disclosed
Number of Employees 10 - 19
Real Estate Leased
Description Well Known Restaurant & Catering hall for sale, 5,000 square feet, free standing with good parking. This beautiful fully remodeled restaurant has all new decor and has a very large high out-put kitchen. Also includes separate party room, large bar, dance floor, full basement with walk in boxes as well as sleeping quarters. This restaurant cost over a half million dollars to build. Numbers stated are based on sellers low projection, contact for details. Seller will also consider partnership with the right buyer. Must see this great location. Includes 10 year lease with 5 year option. Buyer may be able to build second level with permits? This business offers lunch, dinner, catering and entertainment. Great location for catering, club or high end restaurant. Great set up to offer lots of on and off premise catering. Established 45 years. Total rent with property tax only $10,000 per month.
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