Asking Price: $1,500,000

Gross Revenue: $1,900,000

Cash Flow: $500,000

Seller Financing: Financing is available to qualified Buyers.

This beautiful 22000 square foot Catering facility sits on an exquisitely manicured setting near the water in a small town in Suffolk County. All the rooms are elegantly decorated and are perfect for weddings, holiday parties, corporate meetings and special events.

Their three kitchens and three bars can comfortably serve 400 guests with another 110+ outside. The building has east and west wings so parties are completely separated. An additional 5000 SF adjacent to the main building has just been acquired and can be converted for expansion. Onsite parking is available for several hundred cars.

They have a long successful history of operations and currently have bookings through 2009. The facility has a below market 15 year lease that has an additional 5-year option for renewal. The current rent is an unbeatable $8.00 per square foot which includes base taxes and CAM. Annual increases are 3%. Their key employees are willing to stay.

The facility has annual sales of $1,900,000 and a cash flow of $500,000. After 17 years of operation, the Owner is finally retiring and will offer training and support to qualified Buyers. This well kept, well managed business is offered for sale for $1,500,000 or best offer. Please reference our listing #25-125.

Year Established: 1991