Business For Sale Listing 133789
Banquet Facility
Status as of Nov-19-2008 at 06:03 PM: Off The Market
Business Summary
This attractive facility is a popular meeting place for events such as wedding receptions, birthday parties, banquets, business meetings, weekly civic meetings, political rallies and other large gatherings. The facility has adequate seating for large meals and staging equipment to accommodate the requests for most groups that wish to hold a first class function. The facility has adequate space for caterers to bring in meals to serve a large number of guests attending a variety of functions and events, both formal and informal. This proposed transaction includes 1 acre of land which has been undeveloped and could be utilized to add to the existing structure so that the business could accommodate larger gatherings or other types of income producing buildings could be added. The facility has already booked a number of events for 2008 as many functions have returned to the venue on an annual basis. After 10 years of successfully hosting a large variety of events, this facility has become a dependable meeting place for repeat customers and organizations.
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Industry
Location
Financials
| Sales: |
Between $100 Thousand And $500 Thousand ($129,529) |
| Profits: |
Under $100 Thousand ($81,847) |
| Profit Type: |
Seller's Discretionary Cash Flow (SDCF) |
| Asking Price: |
Between $1 Million and $2.5 Million ($1,400,000) |
