Business For Sale Listing 153601
Busy Banquet Facility, Well Established Reputation
Status as of Dec-1-2008 at 06:00 PM: Active
Business Summary
This well established banquet facility has been in operation for over 5 years. It is well known and provides premier dining and banquet services for clientele within its community and the surrounding area. With its well known reputation for excellence, it is the preferred special occasion venue in the area.
The facility and equipment are under 6 years of age. The banquet facility has a 210 liquor license with catering and Sunday sales, and includes a good sized fully equipped commercial kitchen.
For 2007, the business had gross revenue of $300,684 and cash flow of $51,837. Revenue for Year to Date July 31, 2008 is already over $210,000.
Besides the current owner(s), there is one full-time and 8 part-time employees. With exception of the current executive management, it is not anticipated that there will be any employee turnover resulting from the sale.
The real estate is owned by the seller of the business. There are approximately 4 acres of land. The banquet facility building is 14,100 square feet. The property also includes 3 other storage buildings (w/ independent storage income) and 58,000 square feet of newly paved blacktop parking lot. The seller is willing to sell the real estate at fair market value.
The sale price of $250,000 includes the business and liquor license. The Real Estate valued at $675,000 is also available. The purchase price does not include approximately $3,000 - $5,000 of inventory valued at the seller’s cost.
Categories
Industry
Location
Financials
| Sales: |
Between $100 Thousand And $500 Thousand (300,684) |
| Profits: |
Under $100 Thousand (51,837) |
| Profit Type: |
Cash Flow |
| Fiscal Year: |
2007 |
| Asking Price: |
Between $100 Thousand and $500 Thousand (250,000) |
