Banquet Center & Catering Business For Sale

Business description

Established Catering business with two full service Banquet facilities in Metro St. Louis. The catering division is 12 + years old and provides a wide range of services to private and corporate customers. Events are catered in the company owned banquet facilities or off-site at location chosen by the customer.
Both Banquet facilities seat more than 250 guests and provide adequate, lighted parking. Each facility has a full service kitchen, built-in bar, sound system and appropriate equipment to host the casual gatherings to formal events.
The core business for the banquet centers is wedding receptions. These events account for 90% of the bookings. Saturday night wedding receptions typically take place 45 out 52 weekends each year. Week day events include corporate gatherings, group meetings, and evening parties.
Buyer has the option to purchase the facilities or to lease with option.

Property information

Location:

Building Own: 22,000 sq. ft. @ $2,000,000 for purchase

Other information

Support & training:

yes

Reasons for selling:

Retirement

Financing available:

Negotiable

Furniture / Fixtures value:

$116,000 (included in the asking price)

Inventory / Stock value:

$10,000