Banquet Room

Newport News, VA


Asking Price: Annual Revenue:
$429,000 Not Disclosed

Services: Real Estate


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RE: Banquet Room Broker: Fouad Mohit

Quick Facts

Asking Price: $429,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $25,000
Real Estate: Not Disclosed
Year Established: 1974
Employees: 4
BBN Listing #: 101138940
Broker Reference #: HAMPTVA001-N1673

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Business Overview:

An ideal commercial real estate investment! This property was built in 1975 to house the United Association of Plumbers and Steamfitters' local Union in city of Newport News for administration, assembly and training center. The roof is brand new. All HVAC units are new and all mechanicals are up to date.The only thing the new owner has to worry about is the cosmetic. There is a commercial kitchen in the main hall. This property is located in a very close proximity of the shipyard, the naval base and Down Town Newport News. For more information please contact Fouad Mohit 7572372301 or fouad@sunbeltnetwork.com

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Reason for Selling:

Due to the merger of City of Newport News United Association of Plumbers and Steamfitters Local Union 110 with City of Norfolk United Association of Plumbers and Steamfitters. No reason or need for having 2 centers since Norfolk center offer the same amenities and is the larger center to house both branches.

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.

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