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Banquet Hall
Location: United States -> Iowa
Industry: Business Services > Other Services




Business Summary

This beautiful new banquet/wedding venue recently opened and tripled sales in year two without any catering. Buyer could potentially add catering and increase sales and profits substantially. Word of mouth has already helped book 40+ days for future events This newly remodeled banquet hall seats over 500 and includes lounge, bar, kitchen and large restrooms. Real Estate has a certified appraisal value of over $1,000,000 and can be Leased. 11,000+ sq ft building on 4+ acres, large paved parking lot, FF&E and inventory. Business started three years ago and sales tripled in year two setting the stage for new owner to excel. Sales in 2019 grew by 50% over 2018.

Selling price:$195,000
For more information,please contact Michael Rooney @ 563-447-1958


Financials

Asking Price Range:  < $250K
Gross Revenues:   $60,876
Cash Flow:   Seller Will Provide
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $200,000
Seller Financing:  No

About The Business

Year Established:  2017
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Will train for 2 weeks @ no cost.
Reason For Selling:  Retirement.

Photos

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Banquet Hall Photo 1




Print Listing Id: 700342618
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Also See: Franchise Opportunities > Franchise Resales > Iowa Businesses For Sale > Iowa Franchises For Sale > Iowa Business Brokers



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