Banquet Hall and Restaurant

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Banquet Hall on a Main Street with ample growth potential

Business Description

Banquet Hall with Restaurant

Banquet Hall for weddings and for all other festivities and gatherings / parties. Good for all ethnic groups. One-of-a-kind situation. For groups of over 150+ persons. Restaurant on premises. Ample parking. Facility close to Freeway and all shopping, residential and offices. Very confidential offering.
Buyers with a need for a Banquet Hall would be preferred.
Only serious buyers will be considered on Sellers request.
Lease ends 2026 with 2 five year options.
Restaurant capacity 100+ Large Kitchen and overhead hood. Good for a Catering kitchen as is used currently.
Open seven days a week. Good volume of business including catering but has tremendous growth potential. This is more of an asset sale, as the nature and character will change due to a different concept as opposed to a turn-key project.
A fast escrow will determine price and terms.
Tremendous opportunity in waiting for the right buyer. !!

About the Business

Location:
Orange County, California
Year Established:
2016
Number of Employees:
to follow
Real Estate:
Leased
Building Sq. Ft.:
8,500
Rent:
$16,600.00 Per Month
Lease Expiration:
6/25/2026
Facilities:
All furnishings Full Liquor License ( 47 ) included in price. Call for other details.
Market Outlook/
Competition:
Location adjacent to Irvine. No Banquet Hall of this size within many miles.
Growth & Expansion:
All 8500 square footage could be converted to a Banquet Hall. At present approx.1500+/- sq.ft is restaurant. Good sizeable kitchen and o/head hood. great as a catering kitchen.
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About the Sale

Reason For Selling:
Absentee Owner to reside Overseas
Training/Support:
Call for further details
Seller Financing:
N/A

Listing Info

ID:
1640968
Ad Detail Views:
0
Asking Price:
$495,000

Gross Revenue:
 Not Disclosed
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Listed by

Noel Ezekiel

Ezekiel & Associates Inc.
License# 00713154

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