Retail - Restaurants | Services - Hotels & Other Lodging

Asking Price	$850,000	Inventory	$17,500**
Gross Income	$500,000	Real Estate	$700,000*
Cash Flow	Not Disclosed	Year Established	1962
FF&E	$250,000*	Employees	2ft/19pt

* included in the asking price

** not included in the asking price

Historic Banquet Center in great shape with banquet seating for over 900 people, 3 dining rooms with total capacity of 250, 4 separate bar areas, 20 motel rooms. Owner bought business in June 2008 to keep business from closing. The community is very supportive of this business. Several large banquets 600-700 people are planned for spring of '09 with many more in the 300 400 range. It is the perfect business for couple or family. Owners will carry financing. New banquet kitchen in 2008 at cost of $75K.

Facilities: 20,000 sq ft building on 1/2 city block

Competition: Very good. Only banquet facility of its type.

Growth/Expansion: Lots and lots of expansion. Banquet business grows daily. Motel income is also growing as new owners just installed new fire alarm system and opened motel in Jan 2009, possibility of noon lunches for many business owners in town. Polka dances on Sunday are also a hit.

Financing: $100K - $200K down with terms acceptable to seller

Support/Training: 30 days for new owner

Reason Selling: Retirement