Business Overview:
The banquet/reception hall is the perfect location for various sizes and types of receptions, corporate events and family gatherings. The main reception floor is 2000 sq ft and accommodates up to 150 individuals, with an additional 750 sq ft decorated bridal room. The entire building is approximately 4,000 sq ft. The facility has a fully equipped kitchen on-site, as well as a refrigerated storage area for food and beverages, ensuring logistics of event preparation are most efficient. The facility is also decorated beautifully allowing individuals to further decorate as little or as much as they would like. Current weekday and weekend rental rates are set allowing individuals to find a rental rate which suites their needs. The facility does not employ an in-house caterer, allowing renters to choose a caterer to their liking or to cater the event themselves. The business is found in a high-demand part of the city. The Seller is ready for retirement and is motivated. The Seller will train the new owner on this very easy to own and operate business.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The main reception floor is 2,000 sq ft and accommodates up to 150 individuals, with an additional 750 sq ft decorated bridal room. The entire building is approximately 4,000 sq ft. The facility has a fully equipped kitchen on-site, as well as a refrigerated storage area for food and beverages. The sale of the business would come with all tables (round and rectangle), chairs and table linens.
Market Competition and Expansion:
This banquet/reception hall is relatively new to the area, but has taken off enormously. There are tremendous growth possibilities with the business itself, but the current owner is unable to implement these due to time constraints. The facility does not employ an in-house caterer, allowing renters to choose a caterer to their liking or to cater the event themselves, which the current owner feels is an advantage.
Reason for Selling:
Owner Retiring
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.
Resources: