Seller's Contact Information
- RE: For Lease Hotel Banquet Hall Restaurant Night Club
- Contact: Ron Cervelli
Quick Facts
| Asking Price: | $95,000 | |
| Annual Revenue: | $1,000,000 | |
| Net Profit: | $150 | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | 225,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1999 | |
| Employees: | 12 | |
| BBN Listing #: | 32353909 | |
| Broker Reference #: | CATR172 |
Business Overview:
Banquet Hall, restaurant-lounge-club in a national franchise hotel located in Southern New York state 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 at a modest price and a long-term lease. This business operation projects a substantial gross income and a consistent net yearly income to the owner operator. The restaurant is at a hotel pool side which can further enhances the operation. This transaction can be a profitable business opportunity representing a consistent return on investment. The owners will supply a long-term lease with a reasonable rent security and no selling price required. If you are looking to own your own business? Consider purchasing our thriving restaurant lounge and banquet business! This restaurant banquet and night club business have a long-standing reputation for excellence in the community and seeing the right buyer to take over and continue this legacy. With a prime location, this business specializes in hosting events such as weddings, corporate gatherings, and family celebrations. This fully equipped facility includes a spacious banquet hall, commercial kitchen, and all necessary equipment to host events of all sizes. They also have a fully stocked bar, allowing guests to enjoy a wide selection of beverages to complement their meals. As the new owner, you will have the freedom to build upon our success and take the business to new heights. Do not miss this opportunity to own your own successful restaurant banquet business. Wonderful opportunity to own a long-standing Banquet Hall, restaurant-lounge-club in a national franchise hotel located in Southern New York state 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 at a modest price and a long-term lease. This business operation projects a substantial gross income and a consistent net yearly income to the owner operator. The restaurant is at a hotel pool side which can further enhances the operation. This transaction can be a profitable business opportunity representing a consistent return on investment.
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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 owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
Relevant Links:
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