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Prestigious Event Campus With Catering
Not Disclosed, NY
ALBANY County
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| Asking Price: | Annual Revenue: |
| $6,900,000 | $2,850,000 |
Food & Beverage: Catering, Food Preparation
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RE: Prestigious Event Campus With Catering
Contact: Michael Farruggia
Quick Facts
| Asking Price: | $6,900,000 | |
| Annual Revenue: | $2,850,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $470,217 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $689,000 | |
| Real Estate: | $6,000,000 | |
| Year Established: | Not Disclosed | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 655126891 | |
| Broker Reference #: | Not Disclosed |
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Business Overview:
This event campus with catering is a long term profit maker!
This event-based venue is ready for new ownership after 4 generations of growth and wealth creation. This place could accommodate a Queen's Ball!
PROOF OF FUNDS REQUIRED as this is priced to move quickly. We are looking for an all-cash deal with no seller financing.
This organization employs a top-notch executive chef and can create many catering options at their campus or off-site.
The campus can accommodate several events simultaneously with 1000’s of guests or a single large event with 10,000 attending.
Already have deposits on 2.6M on events through Fall of 2021, and 2022 is hotter than ever.
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Property Features and Assets:
Verification of proof of funds will get completely accurate information... This summary does this property no justice. Property appraised in the late 2000s for $6.5 - $8 million. 40 acre on several parcels.... over 100,000 square feet of paved parking. The main building with loading docks is a 20,000 square foot commercial building—several separate outdoor covered and partially enclosed pavilion areas, along with almost endless impeccably manicured outdoor space.
Additional Details:
- The property is owned.
- The owner is not willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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