Restaurant & Banquet Hall for Sale in W/NW Suburbs of Chicago

This a full service restaurant and banquet hall with a lounge, a full-liquor license, 2 large banquet rooms that can be subdivided into 4 smaller banquet rooms and over 500 seats. It can handle just about any size party or wedding. This property is a must see! You can't beat the location.
Located in the North Suburbs of Chicago 
Sale includes: The Business, all Equipment & all Fixtures.

Total Purchase Price = $3,199,000 plus inventory


This a full service restaurant and banquet hall with a lounge, a full-liquor license, 2 large banquet rooms that can be subdivided into 4 smaller banquet rooms and over 500 seats.   It can handle just about any size party or wedding.  This property is a must see!  You can’t beat the location.

This isn't the only reason so many people know this place.  Another reason it's so well-known is because there are more than 32,800 cars driving by the front door each day.  The banquet hall is so large, you can't possibly miss the building or the enormous sign out front.  This is one of the largest banquet halls in the area, with 19,235 square feet and over 500 seats, including outdoor seating. It's one of the only banquet halls in the area that can accommodate large weddings.

Even in this economy, sales have remained very strong. Of course, there’s always room to grow. They don't do much advertising at all. Their primary focus is on the restaurant, so they really don't actively market to attract weddings. For most banquet halls, weddings represent a large portion of their sales. This is not the case here, so it's a big area of opportunity for a new owner. 


Also, these days many people planning weddings rely on the internet to scout locations. I know this because I just went through that process a few years ago & noticed that many banquet halls have outdated websites with very little information regarding banquets & packages, especially banquet halls in the West/Northwest suburbs. Having a dynamic & informative website with plenty of pictures would set any banquet hall apart from the rest of the pack.

This is especially true when you consider that almost all banquet halls have many different packages for many different types & sizes of functions. Most banquet halls require you to visit the site to inquire about & review the different packages they offer. You also have to visit the site to see the décor & rooms. It would be much easier for potential customers, especially those who are busy or out of state, to be able to obtain as much information about the venue without driving there.

Due to the current owner’s concern about confidentiality, all potential buyers will be required to fill out a short Financial Statement to show they are financially qualified before receiving exact name and location of this extremely busy restaurant & banquet hall.

Total Purchase Price:
$3,199,000.00 plus inventory
Gross annual sales (approximately):
$1,620,211.00 (2012).
Cash Flow (approximately):
$271,372.00 (2012)
Value of furniture, fixtures & equipment (approximately):
$325,000.00
Value of inventory (approximately):
$75,000.00 (not included in asking price)
Building, Property details (approximately):
2.83 acres. Gross Building Area is 19,235 square feet, Seating for more than 500 people. Real Estate Taxes=+/-$50,440/yr. Plenty of parking.
Seller Financing:
Seller might consider some financing with experienced and qualified buyer.
Contact:
Tony This email address is being protected from spambots. You need JavaScript enabled to view it., Advantage Business Acquisitions, Inc. 847-722-1877

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