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Outstanding Banquet Facility & Restaurant Tavern
Location: United States -> Massachusetts
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

Stunning 23,000 Banquet facility with a separate and completely renovated busy Tavern Restaurant located in a very desirable town. The Banquet facility can accommodate up to 400 guests. There are four very nicely appointed Function rooms, a beautiful cocktail area with floor to ceiling windows chandeliers and a spiral staircase that leads to the second floor level which has two bridal suites, a wedding planning area, and a private conference room.

The recently renovated and very popular 200 seat tavern and adjacent game room allows for steady cash flow. There is possibility to increase tavern seating with an outdoor deck. The acquisition of this facility could be a great add on for a large hotel, restaurateur or caterer looking to expand or someone needing to add square footage to meet the demand of their clients, the potential of this tremendous property is limitless.

FACILITY: Stunning facility in excellent condition set on eight acres of land

PARKING: 200 plus

EQUIPMENT: Excellent quality and has been very well maintained

CONCEPT: Banquet Facility with a separate Restaurant tavern

SIZE: 23,000 sq. ft.

REAL ESTATE VALUE: Appraised for $2,300,000

SEATS: 600 Seats

LICENSES: Full liquor & Full Entertainment

SALES: 2.3 mil plus

ASKING PRICE: $2,999,000 (For the business and real estate)


Financials

Asking Price Range:  $2.5M - $5.0M
Gross Revenues:   $2,300,000
Cash Flow:   Seller Will Provide
Cash Flow Type:  EBITDA
Seller Financing:  Not Disclosed

About The Business

Year Established:  2004
Number of Employees:  10 - 19
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Owned
Property:  Property For Sale

Photos

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Outstanding Banquet Facility & Restaurant Tavern Photo 1




Print Listing Id: 700221305
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > Massachusetts Businesses For Sale > Massachusetts Franchises For Sale > Massachusetts Business Brokers



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