Catering without Competition
Warren County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $995,000 |
Undisclosed |
Undisclosed |
Furniture and Fixtures Value:
$0 (included in the asking price)
Inventory Value:
$150,000 (included in the asking price)
Real Estate:
$1,200,000 (included in the asking price)
Business Summary:
Some properties are expressed as too good to be true – but here is a potential catering facility that is true – unlimited virtually no competition in the banquet service end. Present facility located on 3.79 acres – with potential to build out to over 600 or more capacity rooms. At present this magnificently restored 1746 landmark. Has 3 bars, 2 floors and 4 dining rooms (fire capacity 215). Has a rare picnic C license outside alcohol sales. This facility has a natural stream passing through property. Perfect location to either modify the present structure into a top of the line catering/banquet facility. This area of NJ has no competition in this field and has the need for this type of structure and operation, massive parking lot at present can be expanded. Picnic license valued at more than 180,000.
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| Year
Business was Established: 1746 |
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| Facilities / Terms of Lease:
Completely and newly finished exterior of facility, revolution era interior with extremely large parking lot and picnic grove liquor license. |
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| Potential
Growth/Expansion:
Property is massive – close to 4 acres potential to expand into major catering establishment – has natural stream running through property and possesses outdoor licenses. |
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| Competition:
If reopened as catering establishment there is no competition – closest is in P.A. |
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| Owner
willing to finance:
Owner would accept 5 year balloon with 20 year payout at 7.5%. |
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| Owner
willing to train:
Two weeks |
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| Reason for selling:
Illness of owner |
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| REQUEST MORE INFO |
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