Catering Hall / Restaurant / Nightclub in Mid-Island, New York

Nassau County, NY

Catering Hall / Restaurant / Nightclub in Mid-Island, New York

Asking Price:$950,000

Cash Flow:$275,000

Gross Revenue:$1,100,000

EBITDA:N/A

FF&E:$350,000

Inventory:$5,000

Established:1988

Catering Hall / Restaurant / Nightclub in Mid-Island, New York

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Business Description

Successful catering hall in the heart of Nassau County – major shopping, colleges, business district. Currently operated exclusively as a catering hall, but could easily convert to a restaurant or high-end nightclub. The 6,500+ square foot building has a unique design and can host 200+ guests in its current configuration with ample parking. The high-end commercial kitchen is equipped to accommodate weddings and special events for 1,000+ plates. A long-term lease is available. The owner is retiring, but available to assist the buyer’s transition.

Detailed Information

Inventory:
Included in asking price
Employees:
7 - FT 18-PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Spacious and elegant venue that is ideal for weddings and special events
Competition:
Conveniently located to growing communities in Nassau County, New York
Growth & Expansion:
Sustainable growth - driven by improving economy and positive demographic trends of this region.
Support & Training:
Owner will train and assist buyer with the transition.
Reason for Selling:
Retirement

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Ray Palombi

Business Listed By:
Ray Palombi

CAPITAL BUSINESS SOLUTIONS

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