Ramada Inn Restaurant & Banquet

Asking Price$225,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$1,500,000

Inventory$1,000
Included in asking price
FF&E$255,000
Included in asking price
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Ramada Inn Restaurant & Banquet


Asking Price$225,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$1,500,000

Inventory$1,000
Included in asking price
FF&E$255,000
Included in asking price

Seller Financing Available
Business Description
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 to own on 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 poolside which could further enhance the operation. This transaction can be a profitable business opportunity representing a consistent return on investment. The hotel owners will supply a long-term lease with a reasonable rent security and no selling price required based on experience. 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. The restaurant is at a hotel poolside which could further enhance the operation. This transaction can be a profitable business opportunity representing a consistent return on investment.
About the Business
Years in Operation
46
Employees
8 (3 Full-time, 5 Part-time)
Facilities & Assets
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 to own on 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 poolside which could further enhance the operation.
Market Outlook / 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.
Opportunities for Growth
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.

Real Estate
Owned or Leased
Leased
Rent
$7,000.00 per month
Lease Expiration
1/1/2040
About the Sale
Seller Motivation
The purpose of this sale is due to the present owner’s recent retirement and now
Transition Support
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.
Financing Options
Seller financing is available to qualified buyer.
Listing Info
ID
2452134
Listing Views
5

Contact Seller

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Business Listed by: Ron Cervelli Regal Consulting Corp.

Listing ID: 2452134 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. See our full Terms of Use. Learn how to avoid scams.


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