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Successful Catering Hall Sitting On Nys Thruway For Sale

New Paltz, New York, US
Asking Price:
$2,200,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,200,000
Cash Flow:
$1,100,000

Currently open, Catering Hall / Restaurant ranked in Top 4 American Steakhouses in the Hudson Valley. Located in New Paltz, one of the fastest growing towns in New York State. Home of SUNY New Paltz and some of the greatest outdoor tourist attractions in the greater NYC area, New Paltz is hip and alive.

Location is key for this 8,865 square foot gem, less than a mile from Main St. Novellas sits directly between the NYS thruway and 2 large hotel chains. Estimated at 45,000 passing cars per day, NYS Thruway adds value to any business.

This property offers a large ballroom with tall ceilings, full bar and elegant chandeliers. Two dining areas and a comfortable foyer with a full bar and gas fireplace. A grand patio with a pergola and gas fire place. And a commercial kitchen that serves parties of 300+.

This 1.857 acre property is thoughtfully landscaped and well kept. With a large parking area and road that wraps around the facility for vendors and suppliers.

Willing to sell, lease and/or finance.

If interested, please contact us by filling the form given below.

Property Information

Real Estate:

Real Property Included

Location:

In the heart of the Hudson Valley. About 25 yards off the NYS Thruway. Less than a mile from Main St, New Paltz. And walking distance from two large hotel chains

Premises Details:

Sitting directly on the West Side of the NYS Thruway. Directly after seeing venue, Exit 16 for New Paltz is half a mile on the right.

Size in square feet:
8,865

Business Operation

Expansion Potential:

It is a 1.857 acre property with expansion possibilities.

Reasons for selling:

Owners have multiple businesses and there is not enough time in a day. Huge potential for right buyer though.

Trading hours:

Tuesday-Saturday 5PM-10PM Restaurant
24/7 Banquet

Employees:
5
Years established:
10

Other Information

Support & training:

Support and Training can be offered to prospective buyer

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Leasing negotiable around $9,500 monthly, triple net.
Financing available for right buyer.

Furniture / Fixtures value:
$150,000 - included in the asking price
Inventory / Stock value:
$25,000 - included in the asking price

Contact Information

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