Lease Banquet Hall & Hotel Restaurant

Not Disclosed, NY
Orange County

Active commercial area.

Asking Price: Annual Revenue:
$100,000 $2,000,000

Food & Beverage: Bars, Clubs, Nightspots

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RE: Lease Banquet Hall & Hotel Restaurant Broker: Customer Service

Quick Facts

Asking Price: $100,000
Annual Revenue: $2,000,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $225,000
Real Estate: Not Disclosed
Year Established: 1995
Employees: 1
BBN Listing #: 32003909
Broker Reference #: CATR165

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Business Overview:

Key funds required for this wonderful opportunity to own a long-standing Banquet Hall and restaurant-lounge in a national franchise hotel located in Southern New York and in the county of Orange. This business opportunity had many years of success and due to new hotel ownership, the restaurant is now available to lease at no cost other than any remolding expense desired by the new tenant. This business operation projects a substantial gross income and a consistent net yearly income to the owner operator. The restaurant is at hotel pool side which can further enhances the operation. This transaction can be a profitable business opportunity representing a consistent return on investment. The business assets have an estimated value of approximately $225,000 which is based on replacement costs of all equipment, licensing, etc. This sale consists of a fully equipped restaurant, catering hall and lounge which includes a Consumption type liquor license, commercial kitchen, tables, computers, software including all the necessary equipment to maintain the day-to-day business operation and a list of assets will be supplied to purchaser upon request.

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Property Features and Assets:

The facility consists of two venues, banquet hall and restaurant Lounge. The banquet hall has a capacity for approximately one hundred and fifty customers and the restaurant-lounge also has a capacity for an additional one hundred and fifty customers. Each of the venues have separate and private entrances from the hotel lobby. The business has a huge professional fully equipped commercial kitchen. The hotel is located in southern New York in the county of Orange. The operation which consists of a one hundred and fifty room franchise hotel and is located immediately off the New York Throughway for customer convenience. The general area consists of highly populated municipalities with continued demand for this retail service.

Market Competition and Expansion:

Regarding competition, to the best of our knowledge, 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.

Reason for Selling:

Owner retiring.

Additional Details:

  • The property is leased.
  • The owner is not 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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