Elegant Banquet Facility / Function Hall

Middlesex County, MA

Elegant Banquet Facility / Function Hall
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Asking Price: Get Financing: $249,900

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: $325,000

Inventory: $5,000

Lease Rate: N/A /SF

Established: 1978

Elegant Banquet Facility / Function Hall

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Business Description

This is an elegant 17,250 sq. foot banquet/function hall that’s been well maintained and is centrally located. The main Ball Room has 12’ ceilings, mood enhanced crystal chandeliers and seating for up to 500. The ballroom can be divided into three separate rooms for hosting more than one event at a time - the 3 smaller rooms have a capacity of 281, 100 and 90 seats respectively and a separate banquet room with an additional capacity of 125 seats. Also there are several rooms specifically for storage as well as a two room Bridal Suite equipped with a sitting room, make-up area, bathroom and stand-up shower! Additionally, a full bar, a well-equipped kitchen, reception area and office suite. The hall abuts a large parking lot that can accommodate over 200 vehicles. Excellent for hosting all types of events including weddings, awards ceremonies, receptions, graduations, business meetings, etc.

Asking Price: $299,900 including inventory & equipment
Value of Inventory (approximately): $5,000.00
Value of Equipment & Fixtures (approximately): $325,000.00
Landlord will negotiate a 5-year lease with a 5-year option
Property Features include:
• Hand carved doors in the reception area
• Bridal Suite with two rooms, bathroom and stand up shower
• Imported Crystal Chandeliers hand made in Italy.
• Full Bar
• Large Fully Equipped Kitchen
Misc.
• Web Site
• Customer List
• Established good will, company name and phone
• Current owner – chef is willing to stay on for an extended time
• On-Site Liquor license

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
17,250
Lease Expiration:
N/A
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Support & Training:
Owner chef will stay on for transition for up to two weeks. He will also be available on an ongoing basis if needed.
Reason for Selling:
Other business interests
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(from currently available funds)
 
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Robert Devaney

Business Listed By:
Bob Devaney

My Broker LLC

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