Party House with Real Estate: Owner Retiring

Rochester, NY (Monroe County)

Seller Financing Available
Party House with Real Estate: Owner Retiring

Asking Price:$799,000

Cash Flow:$92,214

Gross Revenue:$333,949




Real Estate:$823,000


Party House with Real Estate: Owner Retiring

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Business Description

* Spacious and beautifully landscaped surroundings provide the perfect atmosphere for weddings and other special events.
* Contract for quarterly maintenance has continued over the years and has been very worthwhile in avoiding costly repair costs with on-going preventative maintenance.
* Large parking lot with 160 parking spaces

Detailed Information

Included in asking price
Real Estate:
Included in asking price
Building Sq. Ft.:
1 FT/14 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
9,500 sq. ft. facility
There are very few other banquet facilities in the area offering seating for up to 300 people.
Growth & Expansion:
* Recommend increasing the advertising budget * Suggest promoting catering for off-site events
With $250K down, will finance @ 7%, amortized over 15 years with 5-year balloon.
Support & Training:
The seller offers a minimum of two weeks’ training to assure a smooth transition.
Reason for Selling:
The seller is planning to retire and relocate out of the area.

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Dave Bradia

Business Listed By:
Dave Bradia

Klassen Ingalls

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Sponsoring Broker:
Arthur Kaempffe

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