Upscale Catering & Banquet Facility
Location New Jersey,United States
Asking Price Range $500K - $1.0M
Gross Revenues $1277000
Net Profit / Cash Flow $190000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1990
Number of Employees 10 - 19
Inventory $450,000 equipment & $10,000 inventory.
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training Seller will provide a full due diligence and transitional period.
Reason for Sale Retirement after many years.
Description A family owned Banquet and Catering business for sale, located in a wonderful community of Camden County, New Jersey. The business has been in operation for over 20 years and specializes in all types of onsite and offsite Banquet & Catering affairs. This business is well known for its sophisticated, white glove service and is famous for hosting elite affairs with quality customer service. The business primarily hosts weddings, parties, corporate meetings, luncheons as well as off site catering. The facility is very large with an ultra modern interior and a beautifully landscaped exterior and offers a total of 10,000 square feet of space to accommodate functions ranging from 30 to 500 guests. The business produces annual sales well over one million dollars with a solid net income for the owner. This is an excellent opportunity which must be seen to be fully appreciated.
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