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Business For Sale
BANQUET/RECEPTION CENTER
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Asking Price: |
$650,000
USD USA Dollars
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Business for Sale Industry: |
Food & Beverage: Restaurants, Fast Food, Deli
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Year Established:
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1987 |
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Yearly Revenues:
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$300,000 |
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Yearly Cash Flow:
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$130,000 |
Business for Sale Overview:
Banquet and reception center. Well established and profitable for over 20 years. Absentee owned, management in place. Over 80 events last year including 39 wedding receptions. Full liquor license including Sunday sales. Full kitchen. Very little marketing. Almost all the business is from referrals. Great opportunity to expand the business with strong marketing efforts. Building, capacity 350, and land with plenty of parking, also included (3 acres). Can purchase business separately and lease building and land.
$300,000 in sales, $130,000 cash flow, Asking price $650,000, ($475,000 land and building and $175,000 for business). Cincinnati, Ohio area. Ideal for catering company to purchase.
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 may become a homebased business opportunity.
- This may become a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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