Retail - Restaurants | Services - Other Business Services

$Seller Financing Available

Asking Price	$995,000	Inventory	$150,000*
Gross Income	Not Disclosed	Real Estate	$1,200,000*
Cash Flow	Not Disclosed	Year Established	1746
FF&E	$200,000*	Employees	N/A

* included in the asking price

** not included in the asking price

Some properties are expressed as too good to be true but here is a potential catering facility that is true unlimited virtually no competition in the banquet service end. Present facility located on 3.79 acres with potential to build out to over 600 or more capacity rooms. At present this magnificently restored 1746 landmark. Has 3 bars, 2 floors and 4 dining rooms (fire capacity 215). Has a rare picnic C license outside alcohol sales. This facility has a natural stream passing through property. Perfect location to either modify the present structure into a top of the line catering/banquet facility. This area of NJ has no competition in this field and has the need for this type of structure and operation, massive parking lot at present can be expanded. Picnic license valued at more than 180,000.

Facilities: Completely and newly finished exterior of facility, revolution era interior with extremely large parking lot and picnic grove liquor license.

Competition: If reopened as catering establishment there is no competition closest is in P.A.

Growth/Expansion: Property is massive close to 4 acres potential to expand into major catering establishment has natural stream running through property and possesses outdoor licenses.

Seller Financing Available: Yes

Financing: Owner would accept 5 year balloon with 20 year payout at 7.5%.

Support/Training: Two weeks

Reason Selling: Illnes of owner