Banquet Hall for Sale - $1,689,000.00
(plus inventory)
1.5 hours West of Chicago
Includes: Property, Business Entity, All Equipment & All Fixtures.
Too Many Details To List.
Here Are The Highlights:
- Remodeled in 2006 (Owner spent over $600,000.00)
- Full-Liquor License
- Seats up to 700 people
- 6 dining rooms & 2 kitchens
- Current Owner is absentee
- New Roof-complete tear off in 2006
- 6 New electric furnaces & air conditioners in 2006
- Brand New carpet throughout in 2006
- Re-sealed & re-striped parking lots in 2006
- New paint inside & out
- New gutters & windows
- New tables, chairs, lighting, dishes, fire & burglar alarms
Note: The Owner of this Business & Property is an Illinois Real Estate Licensee
Asking Price: $1,689,000.00 plus inventory (includes Real Estate)
Gross annual sales: $1,800,000.00 (As projected by owner)
Cash flow or Net: $270,000.00 (As projected by owner)
Value of furniture, fixtures & equipment: $230,000.00
Value of inventory: $7,000.00 (Not Included in Asking Price)
Value of real estate: $1,400,000.00
Building & Property details: Complete remodel in 2006. Owner spent over $600,000.00. Land is +/- 2.68 acres. Building is +/- 19,300 sq ft. R.E Taxes=$5,326.92 (06 taxes)
Seller Financing: Owner may consider some Seller financing with an experienced & qualified Buyer.
