MergerPlace

Upscale Large Banquet Facility

Pennsylvania


  • Asking Price: $4,950,000
  • Gross Income: $2,596,000
  • Cash Flow: $253,000
  • Real Estate: $4,500,000
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #213041
  • Established: Not Disclosed
  • Employees:

Business Description

Very unique 32,000 sf of upscale banquet, restaurants, bar and wedding venues in a gorgeous setting. Total land includes 28 acres of real estate. Main components are fine dining room, cozy bar and lounge, upscale yet casual indoor/outdoor pub, large and small banquet rooms, and beautiful grounds for outdoor events and weddings. Business provides for fine dining, casual dining, indoor/outdoor weddings, banquets and meetings. This is a unique opportunity to acquire a tremendous property with huge potential.

Summary Investment Considerations:
 Extremely well known iconic property.
 Unique, large property – outstanding venue for weddings and banquets.
 Upscale casual restaurant, bar and lounge.
 High end fine dining.
 Significant opportunities for increasing revenue of existing operations.
 Opportunity to develop excess acreage into related activities or residential community.
Growth Opportunities:
 Increase restaurant hours. Currently very limited.
 Increase musician appearances to increase traffic.
 Create more activities to increase draw to Pub.
 Add Piano Bar.
 Add Wine tastings, whiskey or beer tastings.
 Full or partial conversion to winery, brewery or distillery and maintain banquet business.
 Additional development of property: Residential development; Over 55 Community.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Pennsylvania

Company Information

Home Based: No
Franchise: No
Relocatable: No
Number of Employees:

Financial Information

Asking Price: $4,950,000
Gross Revenue: $2,596,000
Cash Flow: $253,000
Real Estate: $4,500,000
Seller Financing Available: Yes

Property Information

Reason for selling:

Other businesses.

Support & Training:

Owners will provide training and support.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Tom Kerchner

BMI Mergers & Acquisitions