Restaurant Banquet
Monmouth County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $310,000 |
$1,100,000 |
$175,265 |
Furniture and Fixtures Value:
$250,000 (included in the asking price)
Inventory Value:
$25,000 (included in the asking price)
Business Summary:
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.
|
|
| |
|
| |
|
| Year
Business was Established: 2 |
| |
|
| Number of Employees:
10FT/5PT |
|
| |
|
| Facilities / Terms of Lease:
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. |
|
| |
|
| Potential
Growth/Expansion:
Can open for lunch, utilize the banquet room more, and expend the outside catering portion of the business. |
|
| |
|
| Competition:
Not much combining restaurant/catering and live entertainment in area |
|
| |
|
| Owner
willing to finance:
3-5 year payout at prime + 2% |
|
| |
|
| Owner
willing to train:
Two to Three weeks |
|
| |
|
| Reason for selling:
Does not want to own two restaurants |
|
|
|
| REQUEST MORE INFO |
 |
|
