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Banquet Hall For Sale - Great Opportunity
Location: United States -> California -> Southern California - All Southern California -> Ontario
Industry: Food and Beverage > Catering Services

Business Summary

5,500 square foot Ground Floor Banquet Hall space of three story building featuring an additional 4,000 square foot Rest/Bar basement with dual liquor license and C.U.P. Built in the early 1900's, the reinforced concrete building has undergone extensive refurbishing inside and out with modern executive suites on the second and third floors. The ground floor space has 10' high ''Tin Ceiling'' treatment and will be equipped with new storefront, HVAC system, fire sprinklers and handicapped restroom. Ideally suited for Restaurant Uses or Street Retail.

Historic Downtown Ontario location with major frontage on Euclid Avenue and Transit Avenue just south of Holt Blvd. Downtown Ontario is located just three (3) miles west of the Ontario International Airport and one and one-half miles south of I-10 Freeway. Very dense area with over 206,000 in population and over 27,000 employees within a three (3) minute drive time. The Northeast Quadrant of Holt Blvd. and Euclid comprising approximately six (6) square blocks is slated to be the first major redevelopment project in Downtown Ontario. This Downtown project Area will feature 766 high quality condominiums, multi-family rental housing units and senior rental housing units. It will also include ...


Asking Price Range:  $2.5M - $5.0M
Gross Revenues:   $288,000
Cash Flow:   $100,000
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Yes

About The Business

Year Established:  2012
Number of Employees:  6 - 9
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  6 months
Reason For Selling:  Investment


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Banquet Hall For Sale - Great Opportunity Photo 1 Banquet Hall For Sale - Great Opportunity Photo 2 Banquet Hall For Sale - Great Opportunity Photo 3

Print Listing Id: 700173447
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

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