Building for Sale - Banquet Center

Westville, IL
Vermilion County

Central Illinois


Asking Price: Annual Revenue:
$295,000 Not Disclosed

Food & Beverage: Bars, Clubs, Nightspots


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RE: Building for Sale - Banquet Center Broker: Tammy

Quick Facts

Asking Price: $295,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2010
Employees: Not Disclosed
BBN Listing #: 44059399
Broker Reference #: Not Disclosed

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Business Overview:

In 2010, this banquet center was totally remodeled. Currently it is being used for wedding receptions, birthdays, and is run as "The Riggle". The roof and most of the siding was replaced in 2019. The 3 A/C and furnace units were replaced in 2014. You will love the beautiful bar that has an attached walk-in cooler. The large charcoal grill is great for large events and there is a fully functional kitchen. There is a stage, and DJ Booth. The bathrooms are ADA compliant. The building sits on 7.78 acres and has an ample amount of parking spaces. This building is in excellent condition and is ready for the next business to move in. There is also an additional 24 acres behind the building for sale as well.

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Property Features and Assets:

The building is located in the Village of Belgium which is right before Westville, IL. However, Belgium is considered Westville, IL. It has a huge parking lot, and extra land for future building or expansions.

Market Competition and Expansion:

In this area, there are only a couple other banquet facilities that has the capacity that we have. With the extra land around the building, there is plenty of room for expansion or building.

Reason for Selling:

Downsizing

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.

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