Banquet Hall Catering With Restaurant & Bar

Fresh Meadows, NY
Queens County

Asking Price: Annual Revenue:
$295,000 $982,000

Food & Beverage: Catering, Food Preparation

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RE: Banquet Hall Catering With Restaurant & Bar Broker: dave nagar

Quick Facts

Asking Price: $295,000
Annual Revenue: $982,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: ny
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 705843943
Broker Reference #: Not Disclosed

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Business Overview:

This is a great opportunity to own a business established for over 60-years. The business is located in a 10,000 square feet facility with a full bar, large fully equipped kitchen, and two huge dining rooms with a total seating capacity of approximately 300, and a large functional basement facility with prep area that even has a self-contained laundry room for linens/staff uniforms. This beautiful facility is perfect for banquets, parties, wedding and other types of receptions and celebrations. The business is located on a high traffic commercial avenue near a major university and shopping centers.

The business is located in the most desirable upscale commercial area surrounded by lots of residents in Queens. There is a huge demand in the area for a banquet/party facility of this nature with no competition in the area of a similar business. Currently, the facility is run as a restaurant with bar. But the new owner can easily grow this business by adding high demand catering/party hall business. This facility is ideal for parties, weddings, anniversaries, sweet 16s, birthdays, baby showers, religious ceremonies and business events. The facility can offer a full range of services including table linens, chair covers, fine china, DJ, floral design, professional wait staff, food, wine and spirits packages for large and small parties.

The business offers a perfect opportunity to own a beautifully set-up location with low rent and overhead that’s easy to operate. The area has a high influx of Russian speaking population as well as other ethnic communities. This would be a perfect location for a Russian/Glatt Kosher, Indian, Chinese dining and catering facility with below market rent. The business is priced to sell as the owner is looking to retire. This is an opportunity of a life time.
Contact Dave Nagar for more details.

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Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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