Banquet Hall For Sale - Great Opportunity

Listing ID: 700173447

Listing Title: Banquet Hall For Sale - Great Opportunity

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Industry: Food and Beverage

Industry Segment: Catering Services

Country: United States

State / Province: California

Area Southern California - All Southern California

City: Ontario

Asking Price Range: $2.5M - $5.0M

Gross Revenues: $288,000

Cash Flow: $100,000

Cash Flow Type: Sellers Discretionary Cash

Year Established: 2012

Number of Employees: 6 - 9

Business Description:
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 ...

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