Catering Hall in Hotel
Asking Price: | $125,000 |
Gross Revenue: | $1,000,000 |
Rent: | $20,000/Month |
Established Year: | 2000 |
Cash Flow: | $125,000 |
Inventory: | $1,000 |
FF&E: | $250,000 |
Very unusual opportunity to own this six thousand (6,000) square foot restaurant with a breath-taking view of the New Jersey meadowlands. The hotel consists of two hundred forty-nine rooms with a seventy percent occupancy rate, minutes from the Lincoln Tunnel and the Meadowlands Arena. The hotel is in the process of remodeling which includes all rooms and lobby with a state-of-the-art newer image. The transaction includes a consumption liquor license. The lessee must have experience in the food industry and will be responsible for set up costs and rent security. This is a wonderful business opportunity and based on the terms, moderate down payment and this business expects to supply a consistent return on investment to the owner operator.
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