Catering Hall and Property for Sale in Northern New Jersey

NJ

Catering Hall and Property for Sale in Northern New Jersey

Asking Price:$4,450,000

Cash Flow:N/A

Gross Revenue:$1,800,000

EBITDA:N/A

FF&E:$4,000,000

Inventory:N/A

Real Estate:$6,000,000

Established:2006

Catering Hall and Property for Sale in Northern New Jersey

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Business Description

Magnificent Catering Hall in the heart of Northern New Jersey is for sale, including the Property. This one of a kind facility has a total capacity of greater than 750 guests, and has multiple catering rooms to accommodate small intimate weddings for 100 guests to larger ceremonies and affairs for over 350 guests.
The property features a beautiful, private garden to accommodate outdoor wedding ceremonies as well as outdoor seating. No expense has been spared in building this truly unique facility. The building has been thoughtfully designed with several entrances to provide for multiple uses such as an upscale Restaurant & Bar.
The business is being sold as a distress sale for a fraction of what it would cost to build, as the current owners are operating 100% Absentee and must sell. There is an excellent full-time professional staff in place. No advertising or marketing has been invested into the business.
We have priced the business and property at half of its value at ONLY $4.45 Million. If you have the expertise and knowledge, this is a very rare opportunity to own a facility like this in the New York / New Jersey Metropolitan area. Please refer to listing #12908.

Detailed Information

Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
N/A
Employees:
15
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price

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Ken Stein

Business Listed By:
Ken Stein

The Kensington Company

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