Banquet Venue & Restaurant

Not Disclosed, NJ
Middlesex County


Asking Price: Annual Revenue:
Not Disclosed $1,632,426

Food & Beverage: Catering, Food Preparation


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RE: Banquet Venue & Restaurant Broker: Ron Cervelli
Owner Financing is Available!
Available to a qualified buyer.

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $1,632,426
Net Profit: Not Disclosed
Cash Flow: $318,171
Total Debt: Not Disclosed
FF&E: $1,500,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 20
BBN Listing #: 78103909
Broker Reference #: CATR155

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Business Overview:

Wonderful business opportunity to own this combination business consisting of a popular restaurant, banquet hall and liquor/wine shop. This thriving historically flourishing destination site is in the heart of one of the fastest growing housing/business markets in Central N.J. This 1,750 revolutionary war famous restaurant & wedding/special events facility has demonstrated a consistent positive cash flow and is poised for significant growth in the profitable wedding/banquet, business meetings and off-site catering. Present owners have long enjoyed an ideal lifestyle and stable cash flow and now desire to semi-retire. Ideal acquisition for other successful banquet operator seeking geographical expansion into the Princeton marketplace, corporate executive or professional couple looking for a highly satisfying career and life change, or smart investor looking for solid growth, asset appreciation and safety. Fast growth business plan already in place. Owners are willing to stay on for a negotiated period. The business is in an ideal location for many types of special functions. Since colonial times they have been greeting people from all over the world; many of whom use the restaurant as an extension of their home. This facility has twenty employees who are unaware of the pending sale and fully expected to remain post-closing. The sale which includes the business, assets and broad C (type 32) liquor license has a substantial value. This is a dependable business opportunity. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this business opportunity.

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Property Features and Assets:

The sale includes a 22,000 square foot restaurant and catering facilities on 2.17 valuable acres of a historic village. The total seating capacity is approximately 600 (large, modern banquet seats 250 seats alone), 2,600 Square Feet huge modern kitchen, Broad C (32) Liquor License w/ retail store (license valued at $800,000), ample space to accommodate multiple large and small parties. This opportunity is in central New Jersey, Middlesex County, which consists of various affluent and highly populated communities with continued demand for this industry. Most recent zoned 4A-Commercial, the antique assets have a value of approximately $150,000.

Market Competition and Expansion:

Limited competitors presently exist in the area and to the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser. Additionally, no other consumption liquor licenses exist in this municipality. The business presently has a basic marketing plan, non-optimized web site, and if improved can further develop the yearly gross sales. While the current business comfortably covers all owner and asset cash flow needs, it is clearly ripe for expansion: Easily triple banquet volume from 1 to 3 events/week, consider raise prices to current market, Introduce off-site catering - presently an untapped and large market, large, untapped business market for Corporate Catering, Ramp-up A La Carte Business, Build Liquor Store Business w/ highly valuable Class 32 Liquor License, Leverage historic "brand" to other hospitality venues. The Princeton-East Windsor Market is one of the fastest growing residential and business markets in New Jersey.

Reason for Selling:

The sale is due to the owner’s retirement after many successful years.

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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