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This Business has been Sold!
Closing Date: 08/01/2016

Business for Sale Summary

High End Banquet Facility - 27854

Business Type: amusement parks/arcades/recreation,misc. retail/non-classifiable,other eating & drinking places,restaurant/ cafes,catering and event planning,misc. servicel/non-classifiable,other business services,entertainment
Sold
High End Banquet Facility
On August 1st 2016, The Undersigned
Acted as the Advisor to the Deal
Nathan F. Goldstein
Nathan F. Goldstein Senior Broker
Servicing: This Broker is Servicing All of CT, MA, NJ and NY
Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1(877) 735-5224 to discover the difference that is Vested Business Brokers.

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.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

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.