Business Overview:
Location: Gloucester/Magnolia.
Selling Price: $5.1 Million.
Number Of Seats: 350 Seats/ 300 With Dancing.
Square Footage: Approximately 20,000 square feet plus Full, Nice Basement.
Hours Of Operation: By Appointment Or Booking.
Comments: What An Opportunity To Purchase A Landmark Function Facility On The Waterfront! Income Producing With 12 Offices Available For Rent With Rents Ranging From $475 To $2500 Per Month. Over $1 Million In Recent Renovations Including Basement And Foundation! Parking For 68 Cars. Stunning Ocean Views, From Every Room. Incredible Function Room With Dance Floor. State Of The Art Kitchen, All The Right Ingredients Are Included For Guaranteed Success Running A Function/wedding Business. This Location Could Also Be A Phenomenal Restaurant Spot! One Of Kind Piece Of History On The Water. Sky’s The Limit With This Location!
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Market Competition and Expansion:
No comparable facilities like this in the area!
Reason for Selling:
Retiring.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.