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Elegant Restaurant Catering With 6.6 acres of Property For Sale

Details: Asking price:$1,950,000; Sales revenue:$1,400,000; Net profit:$300,000; Fixtures value:$400,000; Inventory value:$20,000

Business description: Established and well known since 1950 Restaurant Catering with sunken dance floor serving Duchess County, Ulster County and all of the Hudson Valley and with banquet facilities, and reception halls for up to 500 guests. Business Specializes in Weddings, Anniversaries, Proms and Parties of all types. During the weekdays from 5PM to 10 pm restaurant offers elegant dining serving Italian food and steak. Large bar with full liquor license. Dinner and dancing every Saturday night. Sunday Brunch is also served for parties of 30 or more. Business is open 6 days per week from 4p -10pm. Closed on Tuesday.

General information: Years established:1950; Employees: 8F/20P; Location:Business situated on well landscaped 6.6 acres of property. Catering hall consist of 6 large rooms separated with removable dividers and occupies 16,000sqf. In addition there a three bedroom house on the property that is being rented for $850 per month. Real Estate tax is $17,000 per year. Parking for 175 cars; Support & training:will train; Reasons for selling:Retirement; Financing available?Financing is a possibility negotiable