Booked Banquet / Catering / Hotel Facility For Sale

Listing ID: 700112645

Listing Title: Booked Banquet / Catering / Hotel Facility For Sale

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Industry: Food and Beverage

Industry Segment: Catering Services

Country: United States

State / Province: Connecticut



Asking Price Range: $5.0M - $10.0M

Gross Revenues: $2,500,000

Cash Flow: $1,000,000

Cash Flow Type: Sellers Discretionary Cash

Year Established: 1975

Number of Employees: 35 - 49

Business Description:
Spectacular Banquet and Catering business and property for sale! 2009 appraisal exceeds $7,500,000 for the property alone and 2007 income exceeded $2.4 million (2008 similar). The fall is booked solid though the owners cut their schedule and only accepted bookings Friday, Saturday and Sunday, so huge upside potential for those who want to grow the business. The facility Seats up to 1000 inside and an additional 500 outside. It also has a new chapel on premise for those wanting a full service wedding on the property and basic approvals are in place for a 80-120 room hotel. Owner will stay on to train and is also willing to hold 2/3 of the note for the right investor/owner. Email me for set-up.

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