This full-service banquet hall and restaurant 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 varying economic times with annual gross sales always exceeding 2.1 million and often well above hat number.
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.
Listing Details
Total Sales: $2,148,691
SDE: $336,069
FFE: $275,000 (Included in Price)
Inventory: $35,000
Real Estate: $2,400,000 (Included in Price)
Reason For Sale:
Retire.
Training & Support:
As much as needed and as agreed during the purchase process.
Operation
Year Established: 1958
Location
Square Footage: 22500
Facilities Information:
Gross Building Area is over 22,500 square feet, Seating for approximately 560 people. Real Estate Taxes=+/-$62,554.00