Middlesex County, NJ Catering Companies For Sale

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Banquet Hall & Restaurant
$2,800,000Cash Flow: $150,000Seller Financing
Banquet Hall & Restaurant

Middlesex County, NJ

Wonderful business opportunity to own this combination business consisting of a popular restaurant, banquet hall and liquor store. This thriving historically important and flourishing destination site is in the heart of one of the fastest growing housing/business markets in Central N.J. This 1750 Revolutionary War Famous Restaurant & Wedding/Special Events facility and has demonstrated consistent positive cash flow, appreciating real estate values and is poised for significant growth in the profitable wedding/banquet, business meetings and off-site catering. Present owners have long enjoyed an ideal lifestyle and stable cash flow and now desire to semi-retire. Ideal acquisition for other successful banquet operator seeking geographical expansion into the Princeton marketplace, Corporate Executive or Professional Couple looking for a highly satisfying career and life change, or Smart Investor looking for solid growth, asset appreciation and safety. Fast growth business plan already in place. Assumable Mortgage* for the right party. Owners willing to stay on for negotiated period. Established in the mid 1750's, this Historic Restaurant banquet facility continues to function for its original purpose of offering food and drink to people from all over the world. The business is in an ideal location for many types of special functions. Located in the center of the state of New Jersey it is convenient for business & family functions, gatherings of friends, ringing in the New Year and celebrating special occasions. Since colonial times they have been greeting people from all over the world; many of whom use the restaurant as an extension of their home. The business fixed assets has an estimated value of approximately $1,500,000 which is based on equipment and licensing replacement cost. This successful service business operation is active seven days per week, with hours from 12:00 noon to 11:00 pm. The business has been valued priced at $2,800,000 based on a multiple of the net yearly income. The package sale, which includes the business, real estate, and broad c (type 32) liquor license is available at $5,000,000. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent and dependable investment return to the owner operator prior to debt service. Based on a 20-year payout at 5% interest, 20% down payment purchaser would obtain a consistent net yearly income return on investment after debt service. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this business opportunity.

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