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Catering Hall for Sale in Queens County,NY
Queens County, NY |
Listing #30547 |
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| Financial Information (non-confidential) |
| Asking Price |
$1,300,000.00 |
Gross Revenues |
$700,000.00 |
| Down Payment |
$600,000.00 |
Owner’s Cash Flow |
$400,000.00 |
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Financing: $600,000.00 Down and $700,000 at 8% over 24 Months
Reason for Selling:
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.
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Nathan F. Goldstein
Senior Business Broker
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Servicing Area:
All of NY
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Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller. |
1(877) 735-5224 | 50 Karl Ave Smithtown, NY 11787 | vestedbb.com |
