Successful Busy Banquet Facility & Italian Restaurant.
Hudson County, NJ
| Asking Price: | $1,000,000 |
| Gross Revenue: | $1,710,000 |
| Established Year: | 2000 |
| Cash Flow: | $497,100 |
| FF&E: | $500,000 |
Listing ID: 2007190Listing provided by BizBuySell
BUSINESS DESCRIPTION
In business for over 20 years.
Excellent reputation
Very busy restaurant & bar.
Beautifully decorated restaurant and bar area with 2 full kitchens built to handle high volume.
140 Seat restaurant.
Banquet facility can handle from 50 to 250 guests.
A fantastic opportunity for an experienced operator.
Sign & send the attached NDA for more information.
ATTACHED DOCUMENTS
DETAILED INFORMATION
Location
Hudson County, NJ
Inventory
Not Included in asking price
Employees
15
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Restaurant and bar with 140 seats. Banquet hall can accommodate 50 to 250 guests. 2 Rooms plus outside patio.
Long term lease at $26,000/Month with 3% increases.
2 Fully equipped kitchens.
Over 150 parking spaces.
Competition
Located in a fast growing area with major office complexes, sporting and entertainment facilities.
Over 100 banquets this year so far, and growing to pre-pandemic level of 200 annual events.
Large repeat and referral client base.
Growth & Expansion
Started off-premise catering with average order size in the $500 to $2,000 range.
Financing
Limited Seller Financing to qualified buyer.
Support & Training
owner will transition
Reason for Selling
Retiring
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