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Business For Sale
BANQUET FACILITY
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Asking Price: |
$1400000
USD USA Dollars
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Business for Sale Industry: |
Recreation: Entertainment
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Reason for Selling:
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Retirement. |
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Year Established:
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1997 |
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Yearly Revenues:
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$129,529 |
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Yearly EBITDA:
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$81,847 |
Business for Sale Overview:
This attractive facility is a popular meeting place for events such as
wedding receptions, birthday parties, banquets, business meetings, weekly civic meetings, political rallies and other large gatherings. The facility has adequate seating for large meals and staging equipment to accommodate the requests for most groups that wish to hold a first class function. The facility has adequate space for caters to bring in meals to serve a large number of guests attending a variety of functions and events, both formal and informal. This proposed transaction includes 1 acre of land which has been undeveloped and could be utilized to add to the existing structure so that the business could accommodate larger gatherings or other types of income producing buildings could be added. The facility has already booked a number of events for 2008 as many functions have returned to the venue on an annual basis. After 10 years of successfully hosting a large variety of events, this facility has become a dependable meeting place for repeat customers and organizations.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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