High End Banquet Facility - 27854 Business Type: amusement parks/arcades/recreation,misc. retail/non-classifiable,other eating & drinking places,restaurant/ cafes/ diners,catering and event planning,misc. service/non-classifiable,other business services,entertainment
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Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $225,000 | Down Payment | $150,000 |
| Gross Revenues | $1,058,637 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $65,000 | Number of FT Employees | Register Free to View |
Financing
$150,000 Down and $75,000 at 7% over 60 Months
Business Description
Banquet facility in Westchester County. The business has 2 banquet rooms, which both rooms have water view setting. One of the banquet rooms holds up to 225 guest and the second holds up to 110 guest. The facility has an outdoor tent area by the water that can hold 225 guest for a cocktail hour. There is also an outdoor garden area by the water that is used for photo-ops and ceremonies. The facility can provide weddings, Bar Mitzvahs, parties and corporate events. The business has operated since 1995. This great business has potential to still grow revenue. Currently the business is only doing 40 weddings and barely any Bar/Bat Mitzvahs and with the right investment for improvements to the facility, the venue space will be able to double its revenue.
Don't miss out on this great business, please call 1-877-735-5224.
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Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.
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