35 year old totally Remodeled 900 seat Banquet Hall

Barrington, IL (Lake County)

35 year old totally Remodeled 900 seat Banquet Hall
Contact Seller

Asking Price: $4,900,000

Cash Flow: $1,000,000

Gross Revenue: $4,000,000

EBITDA: $1,000,000

FF&E: $900,000

Inventory: $35,000*

Real Estate: $3,000,000

Established: 1977

*not included in asking price.

35 year old totally Remodeled 900 seat Banquet Hall

Save Print Share Valuation Report

Business Description

Landmark business same owner for 35 years. 4 million in sales with 1 million in profit. Totally remodeled with 900 seats and 2 acres of land. Fully equipped with tables, chairs and place settings for 1200 guests. Booked for two years in advance with $850,000 in deposits which is a credit to buyer at closing. Unbelievable opportunity to own this northwestern suburb Chicago landmark. Owner will train, full staff front and back of house will stay.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
28,000
Employees:
40
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Beautiful totally remodeled banquet facility with seating for over 900 guests, hospitality suites, large remodeled bathrooms, 5 sales offices, large kitchen with storage, full facility generator, on 2 acres of land.
Competition:
one of the busiest banquet halls in the area consistently for 35 years
Growth & Expansion:
Easily expandable concept
Support & Training:
owner will train and stay with new owner for 6 months
Reason for Selling:
owner retiring
Contact Seller

Contact the Seller

(from currently available funds)
 
Contact Seller Loading

Patrick Haris

Business Listed By:
Patrick Haris

Cambridge Realty & Brokerage

Show Phone Number

View My Listings

Listing Statistics

Saved This Listing:
Unlock
Days Active On Site:
Unlock
Appeared in Search:
Unlock
Listing Detail Views:
Unlock


Ad#:1595200 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


Greenbelly

Franchise Opportunity
Capital Required: $229,000