Lease Banquet Hall Restaurant Night Club

Not Disclosed, NY
Orange County

Active commercial area.

Asking Price: Annual Revenue:
$75,000 $1,200,000

Food & Beverage: Catering, Food Preparation

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RE: Lease Banquet Hall Restaurant Night Club Broker: Customer Service
Owner Financing is Available!
To be determined.

Quick Facts

Asking Price: $75,000
Annual Revenue: $1,200,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $225,000
Real Estate: Not Disclosed
Year Established: 1999
Employees: 2
BBN Listing #: 32353909
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 has had many years of success and due to new hotel ownership, the restaurant is now available to lease at no cost other than key funds for this business transaction. 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 2023 yearly income is projected at $2,000,000 and the business expects to have a substantial net income based on an owner operator and prior to debt service. This business transaction has been priced based on key funds, estimated at $75,000 required for redecorating cost that may be desired by the new operator.

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Property Features and Assets:

The facility consists of multiple venues, banquet hall, restaurant Lounge and if desired nightclub. 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 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 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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