Restaurant Banquet

Monmouth County, NJ

Seller Financing Available
Restaurant Banquet

Asking Price:$310,000

Cash Flow:$175,265

Gross Revenue:$1,100,000





Restaurant Banquet

Get Financing Save Print Share Valuation Report

Business Description

Selling completely gutted and renovated restaurant. Has 7,000 sq. ft. with large and small banquet rooms, for multiple events at one time. Up 40% in banquet bookings in 2016 so far and 26% increase in restaurant sales from same time last year. Only open for breakfast and dinner has 2,000 sq. ft. commercial kitchen and liquor license.

Detailed Information

Included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
7000 sq. ft. renovated 18 months ago in excellent condition, with plenty of parking and a 2,000 sq. ft. commercial kitchen plus storage areas.
Not much combining restaurant/catering and live entertainment in area
Growth & Expansion:
Can open for lunch, utilize the banquet room more, and expend the outside catering portion of the business.
3-5 year payout at prime + 2%
Support & Training:
Two to Three weeks
Reason for Selling:
Does not want to own two restaurants

Listing Statistics for Premium Members

Ad#:1274525 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's terms & conditions before responding to any ad.

Contact the Seller

Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading


Business Listed By:

Executive Business Brokers

Show Phone Number

View My Listings

Sponsoring Broker:
Larry Bodner

Find out more...

Get more details about this business.

Similar Listings


Franchise Opportunity
Capital Required: $400,000