Catering without competition
| Asking Price: | $995,000 | Inventory: | $150,000 ++ |
| Gross Revenue: | Not Disclosed | Real Estate: | $1,200,000 ++ |
| Cash Flow: | Not Disclosed | FF&E: | $200,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
Some properties are expressed as too good to be true – but here is a potential catering facility that is true – unlimited virtually no competition in the banquet service end. Present facility located on 3.79 acres – with potential to build out to over 600 or more capacity rooms. At present this magnificently restored 1746 landmark. Has 3 bars, 2 floors and 4 dining rooms (fire capacity 215). Has a rare picnic C license outside alcohol sales. This facility has a natural stream passing through property. Perfect location to either modify the present structure into a top of the line catering/banquet facility. This area of NJ has no competition in this field and has the need for this type of structure and operation, massive parking lot at present can be expanded. Picnic license valued at more than 180,000.
About the Business
Year Established:1746
Facilities:Completely and newly finished exterior of facility, revolution era interior with extremely large parking lot and picnic grove liquor license.
Market Outlook and Competition:If reopened as catering establishment there is no competition – closest is in P.A.
About the Sale
Reason For Selling:Illness of owner
Seller Financing:Owner would accept 5 year balloon with 20 year payout at 7.5%.
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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