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One of the Largest Banquet Halls with Liquor License [84035]

Camden County, New Jersey

Asking Price: Gross: Cash Flow:
$3,950,000 Undisclosed Undisclosed

Real Estate:
$0 (included in the asking price)

Business Summary:
One of the largest banquet halls with a liquor license in the South Jersey area. The appraisal was done in 2009 and it came up at 5.6 Million dollars. The renovation was also recently done in 2013. This beautiful banquet hall with chandeliers and well recessed spot lights is approximately 44,000 sq ft. and is equipped with approximately 1000 people seating for any big wedding or any other functions. It also comes with movable wall partitions to make the hall into two separate halls. The hall has its own stage area, 3 bars, dancing floors, bridal suite and lot of other accessories to make your event a success. Previously it was used as a night club, a restaurant/catering business, and also used for large social gatherings for different community events. It's located off a major state highway with traffic count of 40,000 cars per day, at the signalized intersection and easy access from both sides of the highway. With three huge pylon signs, the hall gets a tremendous amount of exposure. Close proximity to RT-130, I-95 and only 10 minutes to downtown Philadelphia. The hall comes with 580 feet of frontage, 250 car parking, and zoned commercial C1. The seller has other business interests and is moving out of state. Please call or email us for more information

 
   
   
Year Business was Established: 1970
   
Reason for selling: Moving out of state  
 

 

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