Owner Financing is Available!
Business Overview:
An exclusive fifty year old Banquet facility, which can be altered to a formal restaurant or Nightclub, is located in Northern New Jersey in the county of Bergen. This 11,000 square feet facility consists of three rooms that can seat four hundred patrons, service three separate social affairs and can accommodate 750 patrons as a nightclub. Located in an upscale community of Bergen County, New Jersey close to all major highways. The facility is twenty minutes from the George Washington Bridge and New York Lincoln Tunnel. 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 400 customers consisting of 11,000 square feet, 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. The sale includes a long term lease with an option to purchase the real estate with a monthly rent of $7,500 triple net. Bergen County consists of middle class wealthy communities with a large urban population.The seller is retiring and seller will supply financing and an option to purchase the real estate at fair market value.
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.
Property Features and Assets:
The facility consists of 11,000 square feet in an attractive ultra modern setting which has been fully upgraded over the past few years. The facility consists of three separate rooms which can accommodate multiple affairs. The seating capacity is equipped for four hundred (400) patrons with a dance floor area. The facility has an outdoor garden and waterfalls with a beautiful image.
Market Competition and Expansion:
No other banquet restaurants are in this particular area. The seller is semi retired and the business requires an improved marketing plan to develop the business or change to use to a restaurant or club.
Reason for Selling:
Retiring after many successful years in this industry
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.