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Asking Price$1,400,000
Revenue$3,200,000 Established1986
Cash Flow$350,000 Employees40 full-time
FF&E$95,850* FranchiseNo
Inventory$15,000 RelocatableNo
Real Estate$1,000,000 Home-basedNo
* Included in Asking Price
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
Facilities:A fully licensed operation and certified staff. This business is a perfect fit for any experienced entrepreneur looking to run a successful restaurant and event facility with so much room for increased profits and sales! Premier location on a very popular street. Comfortably accommodates 350+ people at any given time. The beautifully designed spaces create a w warm, professional, and friendly atmosphere unmatched by any competitor around. From afternoon bereavement lunches to evening wedding receptions this operation transforms day into evening smoothly and profitably! This facility has the ability to host multiple private events or convert into 1 large event. Public dining rooms available to serve the public away from private event spaces. Lunch , dinner and takeout available. Reservations normally required for large groups. Separate lounge space for diners who prefer more of an upbeat atmosphere. Fully licensed bar, lunch and dinner also served. 30 plus seats with an active entertainment license. The facility also features a massive parking lot with an additional back lot for employee parking. Over $150,000 in renovations to the building within the last year. The state of the art kitchens, private bars, dance floors and professional staff make this an unforgettable gem of the New England hospitality industry.
Competition:LIMITED
Growth Potential:UNLIMITED
Training/Support:Complete support & training included in the sale.
Seller Financing:NEGOTIABLE
Sale Reason:RETIREMENT
Ad #115093
Seller Reference #CRI2361005
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MEL LISITEN
LISITEN ASSOCIATES
212 661-4160
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