Downtown Renton Newly Remodeled Banquet Hall

Renton, WA (King County)

Seller Financing Available
Downtown Renton Newly Remodeled Banquet Hall
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Asking Price: $99,500

Cash Flow: $100,000

Gross Revenue: $500,000

EBITDA: $100,000

FF&E: $50,000

Inventory: N/A

Rent: $5,250 /Month

Established: 2019

Downtown Renton Newly Remodeled Banquet Hall

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Business Description

Great location with strong profit potential!

PRICE REDUCED FOR QUICK SALE! Here is your chance to own a completely renovated banquet hall in a great location in downtown Renton with no competition. The owner has recently fully renovated the space and it comes complete with a brand new state of the art sound system, lighting system, and projection screen. This business has only been open for 3-4 months and has been received very well by the local community and has already successfully hosted many parties and events. All banquet and city permits are in place making this a true turn-key business ready to thrive under the right ownership. With sales of $5-6K per party, this business is poised for massive growth. Truly a perfect space for weddings, cocktail receptions, tailgates, dinners, luncheons, meetings, seminars, and Quinceaneras! The owner has too many other projects and is willing to let this go for less than the price of the buildout!

Detailed Information

Location:
Renton, WA
Real Estate:
Leased
Building SF:
2,850
Lease Expiration:
N/A
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
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Dan Fallon

Business Listed By:
Dan Fallon

McCallen & Sons, Inc.

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