Banquet Hall Catering With Restaurant & Bar for Sale Queens, NY

Fresh Meadows, NY (Queens County)

stock image

Asking Price:$295,000

Cash Flow:N/A

Gross Revenue:$982,000

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Established:N/A

Banquet Hall Catering With Restaurant & Bar for Sale Queens, NY

Get Financing Save Print Share Valuation Report

Business Description

This is a great opportunity to own a business established for over 60-years. The business is located in a 10,000 sq. ft. facility with a full bar, large fully equipped kitchen, and two huge dining rooms with a total seating capacity of approximately 300, and a large functional basement facility with prep area that even has a self-contained laundry room for linens/staff uniforms. This beautiful facility is perfect for banquets, parties, wedding and other types of receptions and celebrations. The business is located on a high traffic commercial avenue near a major university and shopping centers.

The business is located in the most desirable upscale commercial area surrounded by lots of residents in Queens. There is a huge demand in the area for a banquet/party facility of this nature with no competition in the area of a similar business. Currently, the facility is run as a restaurant with bar. But the new owner can easily grow this business by adding high demand catering/party hall business. This facility is ideal for parties, weddings, anniversaries, sweet 16s, birthdays, baby showers, religious ceremonies and business events. The facility can offer a full range of services including table linens, chair covers, fine china, DJ, floral design, professional wait staff, food, wine and spirits packages for large and small parties.

The business offers a perfect opportunity to own a beautifully set-up location with low rent and overhead that’s easy to operate. The area has a high influx of Russian speaking population as well as other ethnic communities. This would be a perfect location for a Russian/Glatt Kosher, Indian, Chinese dining and catering facility with below market rent. The business is priced to sell as the owner is looking to retire. This is an opportunity of a life time.
Contact Dave Nagar 917-929-6194. www.ceobrokers.com

Detailed Information

Reason for Selling:
Retirement

Listing Statistics for Premium Members

Ad#:1268846 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 of Use before responding to any ad.

Contact the Seller

(from currently available funds)
 
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

Dave Nagar

Business Listed By:
Dave Nagar

CEO Business Brokers Inc.

Show Phone Number

View My Listings

Find out more...

Get more details about this business.


Similar Listings


Jon Smith Subs

Franchise Opportunity
Capital Required: $300,000