Banquet Hall and Catering CATR161

Location: Warren County, New Jersey

Industry: Check Cashing

Listing ID: CATR161

Excellent business opportunity for this turnkey Banquet facility, Restaurant Lounge located in an active area of Northern New Jersey. The owner is retiring and will consider financing to a qualified buyer. The business has multiple venues, which offers banquet services, a popular lounge and a fully equipped restaurant. The sale includes the business, assets, various assets with additional income from residential rental units. They invite their customers to tour their beautiful park-like setting, fanciful gazebos, sparking waterfalls, enclosed chapels, and magnificent ballroom. Family owned and operated for many years, the business offers a magnificent setting for weddings, corporate functions and social events of all kinds. They have built a reputation for uncommon quality, exemplary service and extraordinary value. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent and dependable investment return to the owner operator prior to debt service.

Listing Details

Revenue: $850,000

Cash Flow: $120,000

FFE: $250,000 (Included in Price)

Ron Cervelli

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