Business for Sale Overview:
This full-service banquet hall/restaurant and real estate is located in
the Northwest Suburbs of Chicago. The exact location will be disclosed
once a confidentiality agreement is signed. It is a very busy location
with over 20,900 cars driving by the front door of the banquet hall
each day. This banquet hall is well known in the community for 2
reasons. The first is the wonderful food and expansive menu. The
other reason is the business has been serving people in the community
for over 50 years. It’s a very, very consistent business, even in this
economy. 2008 sales were $2,148,691.00. 2007 sales were
$2,166,967.00. 2006 sales were $2,366,175.00.
The restaurant has over 560 seats, 3 banquet rooms, 3 bars, plenty of
parking and a huge kitchen. The business has a full liquor license. In
addition to hosting weddings, retirement parties, luncheons,
anniversary parties, holiday parties, & fashion shows, they also do
outside catering.
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:
Gross Building Area is over 22,500 square feet, Seating for approximately
560 people. Real Estate Taxes=+/-$62,554.00
Market Competition and Expansion:
Excellent outlook as there is nothing else in the area with this long history
and great reputation.
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.