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!
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.
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.