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Advert Ref: 34233

Restaurant & Catering Business For Sale

Details: Asking price:$1,600,000; Sales revenue:$1,400,000; Net profit:$400,000; Fixtures value:$550,000; Inventory value:$30,000

Business description: They are the experts in catering, featuring the "one and only" sunken dance floor, in the area. They serve several counties with banquet facilities, and reception halls for up to 500 guests; specializing in Weddings, Anniversaries, Proms and Parties of all types. Featuring an open steak pit, serving only Aged Grade "A" Certified Angus Beef and a salad bar, they are a well sought after dining experience. Saturday night is easy listening music until 9:30 then the DJ takes over with 80’s-90’s dance music until midnight. They also offer a Sunday Brunch. For the best in restaurant dining or for any special event, proms, weddings, banquets and more you will not be disappointed. This is a turn key operation and a perfect opportunity to be part of a well known and patronized establishment. This won’t last long! Call now before the opportunity slips by.

General information: Years established:58; Employees: 20 full-time and 5 part-time; Real Estate: Real Property Included; Location:This restaurant and lot is owned and included in the sale of the business. The banquet facilities hold up to 500 guests. There is ample paved parking. There is a sunken dance and band stand.; Expansion potential:Advertising would be an avenue for growth.; Competition / Market:There is very little competition in this area.; Support & training:Owner agrees to stay through a reasonable transition period.; Reasons for selling:Retirement; Financing available?There is no owner financing available.