Banquet Hall, Seats 500+, Huge Catering Opportunity

Business
  • Listing# : 15446
  • Listed Price : $195,000
  • Total Sales : $60,876
  • SIC : 6512
  • Down Payment : $195,000
  • Status : Active
  • Discretionary Earnings : N/A

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 recently opened and tripled sales in year two without any catering. Buyer could potentially add catering and increase sales and profits substantially. Word of mouth has already helped book 40+ days for future events This 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 and can be Leased. 11,000+ sq ft building on 4+ acres, large paved parking lot, FF&E and inventory. Business started three years ago and sales tripled in year two setting the stage for new owner to excel. Sales in 2019 grew by 50% over 2018.

Assets/Liabilities:

    • Accounts Receivable $0
    • Incl :
    • Real Estate $1,035,000
    • Incl : Available
    • Inventory $2,000
    • Incl : Yes
    • Liabilities $0
    • Incl :
    • FF&E $198,000
    • Incl : Yes
    • Other: $0
    • Incl :
    • Leasehold $0
    • Incl :
    • Total Assets $200,000
    • Incl : Yes

Lender Prequalified: No

Similar Listing :

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