Very Successful Restaurant Bar And Banquets And Catering Facility

Langhorne, PA
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Asking Price:$4,000,000
Gross Revenue:$4,300,000
Established Year:1977
Cash Flow:$330,000
Real Estate:$3,800,000
BUSINESS DESCRIPTION

Business is well known and in existence for decades.

Very large property which is included in the asking price.

Constant business in addition to other additional profit centers which the current Owner is not doing, since the Owner wants to retire.

Currently business is doing about, (besides the Restaurant, Bar and Catering) 1500 Banquets per year with additional room to grow since they have a website but not doing any additional advertising, which a new Owner could build from that.

Open 6 days a week.

This is a turnkey operation; Owner is constantly making upgrades to the property.

Price includes Business, Property Equipment, Liquor License and all Goodwill.

Adjusted Net income (with ad backs) is approx. $800K.

Any prospects must be fully experienced and capitalized to purchase.

This is a Bankable Business.

This is an opportunity of a lifetime to maintain the existing business and to expand.

Serious inquires only.


DETAILED INFORMATION
Location
Langhorne, PA
Inventory
Not Included in asking price
Real Estate
Owned
Employees
50
Competition
The business is so well known that even thought there is competition as in any business, but has a very loyal customer basis.
Growth & Expansion
Other growth potential to add on to this amazing business.
Support & Training
Seller will stay for 2 months
Reason for Selling
Retirement
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michael weisberg
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michael weisberg