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Business for Sale Summary

Catering Hall and Dance School in Queens County,NY - 30547

Business Type: service businesses,amusement parks/arcades/recreation,catering and event planning,educational services / schools,misc. servicel/non-classifiable,other business services,sports complex
Owner Financing
Catering Hall and Dance School in Queens County,NY
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Financial Information (non-confidential)

General Information
Asking Price $1,300,000 Down Payment $600,000
Gross Revenues $700,000 Lease Remaining Register Free to View
Owner’s Cash Flow $400,000 Number of FT Employees Register Free to View

Financing

$600,000 Down and $700,000 at 8% over 24 Months

Business Description

Established Catering hall and a ballroom dance school for sale. This business operates as a Ballroom Dance School during the week. They do private parties and company parties and have been in business for 50 years. The current seller has owned the business for the last 22 years. The business currently does not have a kitchen, but they outsource their food for parties. The business currently has a small staff, which consist of one person in the main office and then normally 2 to 3 employees when there is a party being held. The profit margin of the business is fantastic (almost 70%). Low rent and the seller rents out the basement of the business and collects around $1400 a month. This is a great opportunity for a new owner/operator to take hold of and grow. Please contact the broker at 1-877-735-5224.

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.