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Business for Sale Summary

Banquet Hall for Sale in Queens County, NY - 32862

Business Type: catering and event planning,misc. retail/non-classifiable,misc. servicel/non-classifiable,seller financing available,entertainment
Banquet Hall for Sale in Queens County, NY
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Financial Information (non-confidential)

General Information
Asking Price $600,000 Down Payment $500,000
Gross Revenues $0 Lease Remaining Register Free to View
Owner’s Cash Flow $0 Number of FT Employees Register Free to View

Financing

$500,000 Down and Seller will hold note or take on a strategic partner

Business Description

Once in a lifetime. This is a beautiful banquet and catering hall in a classic style building in Queens County. There is a 40 foot center stage and room for over 500 people with amazing acoustics, dance floor and auditorium. In the process of a 400K renovation from electrical, plumbing, carpets, paint and flooring, the owners are in the process of creating a perfect turnkey venue. There is also a separate big entrance call which can be rented. Currently, all catering is outsourced, but there is room to add a kitchen and increase revenue. There are 24 years left on the lease and seller is open to selling the whole business or taking on a strategic partner. Call Boris Teodoro today and check out this unique business today.

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.