Business for Sale Overview:
Historic Banquet Center in great shape with banquet seating for over 900 people, 3 dining rooms with total capacity of 250, 4 separate bar areas, 20 motel rooms. Owner bought business in June 2008 to keep business from closing. The community is very supportive of this business. Several large banquets 600-700 people are planned for spring of 2009 with many more in the 300 – 400 range. It is the perfect business for couple or family. Owners will carry financing. New banquet kitchen in 2008 at cost of $75,000.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
Approximately 20,000 square feet.
Acreage: ½ city block.
$100,000 - $200,000 down with seller financing.
Market Competition and Expansion:
Lots and lots of expansion. Banquet business grows daily. Motel income is also growing as new owners just installed new fire alarm system and opened motel in Jan 2009, possibility of noon lunches for many business owners in town. Polka dances on Sunday are also a hit.
Market Outlook: Very good. Only banquet facility of its type.
Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- The owner is willing to train/assist 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.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.