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Welcome to the GlobalBX Directory. This is just one Banquet business listing from our 46,138 business for sale ads. If you are looking to buy a business or sell a business, GlobalBX can help you. GlobalBX is a free business for sale listing exchange that provides a confidential forum to facilitate the buying and selling of businesses with thousands of businesses and franchises for sale as well as comprehensive business information for business buyers and business sellers. Buy a business, sell a business, get a business loan, or find a business broker. Click Here to access our full site.

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Businesses For Sale   >>   Banquet Businesses For Sale   

Banquet / Special Events Facility

Location  Rhode Island,United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $0
Net Profit / Cash Flow  $0
Cash Flow Type  EBITDA
Seller Finance  Not Disclosed
Year Established  2004
Number of Employees  6 - 9
Inventory  185980
Relocatable  Not Disclosed
Number of Employees  6 - 9
Real Estate  Owned
Training  As needed for a smooth transition
Reason for Sale  Retirement

Asking Price: $699,000 (includes Real Estate & Business) First class banquet facility centrally located in a very upscale demographic community including the south coast of Massachusetts and Rhode Island full liquor licenses including entertainment. Current owners also do off-site catering. Separate restaurant dining room and bar generate a steady income stream keeping key full and part time personnel employed. Seller is very motivated! Facilities: This 15,000 sq. ft. split level facility includes 4 function rooms: - Main restaurant seating for 70 - Main banquet room for 250 - Lower casual dining lounge for 110 - Lower banquet room for 130 Total capacity for 560. The banquet facility is located on 2.84 acres (123,710 sq. ft.) with ample parking. The grounds are extensive and capable of summer outdoor tent functions with could increase capacity to 800+ including parking. Growth/Opportunity: With close to 3 acres, expansion potential is significant. Production of community events including musical festivals, country fairs, retreat day conferences could add significant income. Providing a venue for other caterers could also increase revenue. Real Estate is priced lower than assessed value. Furniture, fixture, equipment and Business and Real Estate are all included in this price.

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