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BUSINESSES FOR SALE


If you are looking to buy a business or sell a business, GlobalBX can help you. GlobalBX is a free business for sale listing exchange that provides a confidential forum to facilitate the buying and selling of businesses with thousands of businesses and franchises for sale as well as comprehensive business information for business buyers and business sellers. Buy a business, sell a business, find a franchise for sale or franchise opportunity at GlobalBX. Click Here to access GlobalBX's full site.

Businesses For Sale   >>   Food and Beverage Businesses For Sale Categories   >>   

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Banquet Catering Business For Sale

Location  New Jersey,United States
Asking Price Range  $250K - $500K
Gross Revenues  $250000
Net Profit / Cash Flow  $100000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  1965
Number of Employees  10 - 19
Inventory  350000 Equipment Only
Relocatable  No
Number of Employees  10 - 19
Real Estate  Owned
Training  The seller will remain post closing and supply a long term transitional period.
Reason for Sale  Retiring after fifty five years in this particular food service industry.
Description  Exclusive ultra modern Banquet facility located in Northern New Jersey Bergen County. This 11,000 square foot facility consists of three beautiful rooms that can seat four hundred fifty patrons and service three separate social affairs. Located in an upscale community of Bergen County, New Jersey close to all major highways. The facility is twenty minutes from the GW Bridge and NY Lincoln Tunnel. Bergen County consists of various middle class wealthy communities with a large urban population. The sale includes a valuable consumption liquor license, a huge commercial kitchen, sound and lighting system and all required equipment for this banquet business. The building has a legal capacity for 450 customers consisting of 11,000 sq ft, on one main floor with private offices on the second floor and a full basement. Private parking for 100 vehicles is on the site and part of the lease agreement. The business is opened only for private catering affairs. The business has a New Jersey State consumption liquor license and live entertainment approval with the municipality. The sale includes a long term lease with an option to purchase the real estate with a monthly rent of $7,500 triple net. From their private glass enclosed garden rooms to the exquisite dining rooms, the setting is designed for comfort and intimacy. The business has had many years of wonderful successes and can continue to develop with new on site management. The sale includes a valuable liquor license and turnkey operation. The seller is retiring and will supply financing and an option to purchase the real estate at fair market value.
Click Here To Contact Seller

    

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