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Banquet Hall for sale in Northern Illinois……..………………….....…….....$1,689,000 plus inventory

1.5 hours West of Chicago - Includes: Business Entity, All Equipment & All Fixtures.

SOLD!Too Many Details To List. Here Are The Highlights:

  • Remodeled in 2006 (Owner spent over $600,000.00)
  • Full-Liquor License
  • Seats up to 700 people
  • 6 dining rooms & 2 kitchens
  • Current Owner is absentee
  • New Roof-complete tear off in 2006
  • 6 New electric furnaces & air conditioners in 2006
  • Brand New carpet throughout in 2006
  • Re-sealed & re-striped parking lots in 2006
  • New paint inside & out
  • New gutters & windows
  • New tables, chairs, lighting, dishes, fire & burglar alarms

Note: The Owner of this Business & Property holds a Real Estate Salesperson’s License

Asking Price: $1,689,000.00 plus inventory                  
Gross annual sales (approximately): $1,800,000.00 (As projected by owner)
Cash flow or net (approximately): $270,000.00 (As projected by owner)
Value of furniture, fixtures & equipment (approximately): $230,000.00
Value of inventory (approximately): $7,000.00 (Not Included in Asking Price)
Building details (approximately): Complete remodel in 2006. Owner spent over $600,000.00. Building is +/- 19,300 sq ft. R.E Taxes=$5,326.92 (06 taxes)
Seller Financing: Owner may consider some Seller financing with an experienced & qualified Buyer.
Contact: Dennis, info@abausa.com or 312-360-1955


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