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Banquet Hall Restaurant Night Club

RestaurantsFor Sale in NY

Listing ID: CATR166 | Broker Listing ID: BLP456182

Financial & Assets Details

$2,000,000
$150,000
$225,000
$1,000
Yes
10,000+/-

About the Business

1985
$7,000
Yes

Business Description

Wonderful opportunity to own a long-standing Banquet Hall, restaurant-lounge 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 also 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 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.


Growth & Expansion

Regarding growth and expansion, this particular company can be further developed by improving the marketing and local advertising. Additionally, the company has a limited non-optimized web site and if adjusted can further develop the business yearly sales.

Seller Financing

Seller financing available,

Market Competition:

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.

Location Details:

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.

Support & Training

The hotel now has a new owner and elected not to maintain the restaurant or catering operation, for this reason, no training is available for this business transaction

Reason for Selling:

The purpose of this sale is due to the owner’s recent retirement.

Listing ID: CATR166

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