LAS VEGAS, Nevada
| Asking Price |
$249,999 |
Year Established |
2024 |
|
| Annual Revenue |
$0 |
Reason for Selling |
Personal Reasons |
|
| Annual P/L |
$0 |
Attention |
Carmelita Smith |
|
| Annual Cash Flow |
$0 |
Listing Number |
1016768 |
|
| # of Employees |
10 |
Business Category |
Recreation: Entertainment |
|
Business Overview:
This established banquet hall and event venue offers an excellent opportunity for an owner-operator or investor seeking a versatile event business with multiple revenue streams. With capacity for up to 250 guests, the venue is well suited for quinceañeras, weddings, birthday celebrations, anniversaries, family gatherings, corporate events, and other special occasions. The venue benefits from a recurring annual biker event each August, generating approximately $6,000 at a premium event rate. The commercial kitchen is currently utilized as a ghost kitchen by two food vendors, generating approximately $1,200 per month, with potential to accommodate additional vendors. The kitchen includes a hood and grease trap. The venue features a custom bar, 360 photo booth, DJ equipment, installed speakers, surround sound, and 150 free, private parking spaces. The sale also includes approximately $175,000 in event inventory and furnishings, including custom-made chairs, 36 linen colors, three centerpiece styles, and two place-setting options. With established recurring revenue, additional kitchen income, extensive event inventory, and a fully equipped venue, this opportunity offers multiple avenues for continued growth. NDA Required.
Property Features and Assets:
<p>This is a leased location of 4,636 square feet with a Total monthly rent of $12,715. Lease ends 03/2034 with 1 option. Seller is active with 10 contract employees. Hours of operation vary. $125,000 in inventory and $50,000 in FF&E included in the asking price. $150,000 made in leasehold improvements. Liquor License, Bar Commissary, and Restaurant license required.<br></p>
Market Competition and Expansion:
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity