High-End Banquet And Event Center – Midwest Region

Price: $5,978,024

Location: Midwest Region

Industry: Banquet Halls

Listing ID: 04292201.1

Listing Status: New

Description

Includes Business, Real Estate, FFE and Inventory - These Midwest Regional family-owned banquet and event centers have been operating in the Midwest Region, since 1991. These two venues have a high reservation history, over a year in advance for weddings, corporate events, community meetings and other local events. The banquet and event centers have a reputation for high-end products, reliable services and are fully staffed with 2 General Managers; 1 Controller; 4 Sales Representatives; 2 Executive Chefs and 40 part-time employees. These two banquet & event centers are positioned for strong growth for the future in the current marketplace.

LISTING DETAILS

Total Sales: $4,000,000

Cash Flow: $661,500

FFE: $248,596

Inventory: $50,000

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LISTING BROKER

Mike Lohbeck, CBI

Mike Lohbeck, CBI