Catering Hall in Hotel

North Bergen, NJ

Seller Financing Available

Hotel Catering Hall
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
BUSINESS DESCRIPTION

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.


DETAILED INFORMATION
Location
North Bergen, NJ
Inventory
Included in asking price
Real Estate
Leased
Building SF
6,000
Lease Expiration
01/01/2035
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
This hotel restaurant is in northern New Jersey; Hudson County on a highly active state highway with thousands of daily drives by vehicles. This business facility consists of approximately 6,000 square feet with a modern, and attractive appearance with a seating capacity for approximately two hundred & fifty customers.
Competition
Regarding competition, to the best of our knowledge, no other new competitors are expected near to this business.
Growth & Expansion
Regarding growth and expansion, the restaurant can be developed by an onsite owner operator by opening the restaurant and developing a customer base.
Financing
To be negociated
Support & Training
The new owner will be expected to have experience in the retail food industry.
Reason for Selling
The leasing group represents a large corporate entity with ownership of various
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Ron
Cervelli
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Ron Cervelli