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Profitable Restaurant, Catering & Banquet Company
Location: United States -> Rhode Island -> Providence
Industry: Food and Beverage > Catering Services




Business Summary

Business Description:
A very rare opportunity to own one of the most profitable GEMS of the New England hospitality industry.

Fantastic highly-profitable banquet facility, restaurant and catering operation in business for 35 years.

Serve up to 350 people with two operating bars with the ability to host multiple events within the same day.

Enjoy a massive and faithful customer-base from day one with massive room for growth!

Non- stop demand for private functions, dining-in, pickup, delivery and even off-premises catering.

This business is known regionally as THE premier private event space. Highly in-demand at all times.

From casual buffets to lavish sit down dinners, this business is equipped to handle any type of event and any time of the day

This business is known regionally as THE premier private event space. Highly in-demand at all times.


Historical Summary:
The Business has been operating with its current name since the 1980's
Large client Base

Listed Price: $ 1,400,000
Phone: 212-661-4160


Financials

Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $3,200,000
Cash Flow:   $350,000
Cash Flow Type:  EBITDA
Inventory:  $95,850
Seller Financing:  Not Disclosed

About The Business

Year Established:  1985
Number of Employees:  35 - 49
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Complete support & training included in the sale.
Reason For Selling:  RETIREMENT

Photos

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Profitable Restaurant, Catering & Banquet Company Photo 1




Print Listing Id: 700341968
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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 > Rhode Island Businesses For Sale > Rhode Island Franchises For Sale > Rhode Island Business Brokers



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