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35 year old totally Remodeled 900 seat Banquet Hall

Barrington, IL (Lake County)

35 year old totally Remodeled 900 seat Banquet Hall
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Asking Price: $5,300,000

Cash Flow: $1,000,000

Gross Revenue: $4,000,000

EBITDA: $1,000,000

FF&E: $900,000

Inventory: $35,000*

Real Estate: $3,500,000

Established: 1977

*not included in asking price.

35 year old totally Remodeled 900 seat Banquet Hall

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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 $750,000 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

Barrington, IL
Not included in asking price
Real Estate:
Included in asking price
Building SF:
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
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.
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
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(from currently available funds)
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Patrick Haris

Business Listed By:
Patrick Haris

Cambridge Realty & Brokerage

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