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Business For Sale

ELEGANT RESTAURANT CATERING

Attn: Mark Gavrilov
Ulster, NY, USA
Listing Number: "258"
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Asking Price: $1,950,000 USD USA Dollars
Business for Sale Industry: Food & Beverage: Restaurants, Fast Food, Deli  
Reason for Selling: Retirement
Year Established: 1950
# of Employees: 8 Full Time / 20 Part Time
Yearly Cash Flow: $300,000
Yearly Gross Income: $1,400,000
 

Business for Sale Overview:

Established and well known since 1950 Restaurant Catering with sunken dance floor serving Duchess County, Ulster County and all of the Hudson Valley and with banquet facilities, and reception halls for up to 500 guests. Business Specializes in Weddings, Anniversaries, Proms and Parties of all types. During the weekdays from 5PM to 10 pm restaurant offers elegant dining serving Italian food and steak. Large bar with full liquor license. Dinner and dancing every Saturday night. Sunday Brunch is also served for parties of 30 or more. Business is open 6 days per week from 4pm -10pm. Closed on Tuesday.


Property Features and Assets:

Business situated on well landscaped 6.6 acres of property. Catering hall consist of 6 large rooms separated with removable dividers and occupies 16,000 square feet. In addition there a three bedroom house on the property that is being rented for $850 per month. Real Estate tax is $17,000 per year. Parking for 175 cars.


Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • The owner is not willing to work for 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.

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