Banquet Hall-Seats 500+ Includes $800K in RE

Business
  • Listing# : 15019
  • Listed Price : $1,000,000
  • Total Sales : $73,935
  • SIC : 6512
  • Down Payment : $1,000,000
  • Status : Active
  • Discretionary Earnings : $12,086

Business Type :

Amusement/Recreation / Family Entertainment Centers; Business Services / Event Planning; Commercial R.E.; Restaurants / Banquet Hall/Caterer

Business Description :

This beautiful new banquet/wedding venue boasts close proximity to a freeway in Iowa without the devaluing noise and traffic. Newly remodeled banquet hall seats over 500 and includes lounge, bar, kitchen and large restrooms. Real Estate has a certified appraisal value of over $1,000,000. Sale includes 11,000+ sq ft building on 5+ acres, large paved parking lot, FF&E and inventory. Business started two years ago and sales doubled in year two setting the stage for new owner to excel.

Assets/Liabilities:

    • Accounts Receivable $0
    • Incl :
    • Real Estate $1,035,000
    • Incl : Yes
    • Inventory $2,000
    • Incl : Yes
    • Liabilities $0
    • Incl :
    • FF&E $198,000
    • Incl : Yes
    • Other: $0
    • Incl :
    • Leasehold $0
    • Incl :
    • Total Assets $1,235,000
    • Incl : Yes

Lender Prequalified: No

Similar Listing :

Amusement/Recreation, Business Services, Commercial R.E., Restaurants