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Disclaimer: This site is hosted by Marathon Management Services, LLC (MMS). Each Sunbelt office is independently owned and operated. The information in this listing has been provided to the listing Sunbelt office by the business seller and should be verified by a qualified third-party. MMS, including its affiliates, has no stake in the sale of the business, has not verified any of the information and, therefore, assumes no responsibility for its accuracy or completeness. Read MMS's Terms of Use before responding to this advertised listing.
PDFBanquet Facility with Catering, Real Estate Included
Listing ID:
INDIAIN001-N999
INDIAIN001-N999
Sunbelt of Indianapolis
Phone: (317) 573-2100Fax: (317) 573-2111
The following broker is assigned to this listing:
Dick Parks
dparks@sunbeltindiana.comCell: 317-218-8621
Description
Since 1970, this well established 'household name' banquet faciliity has hosted thousands of banquets, receptions and countless other social events. This turn key opportunity offers two separate rooms, a new outside garden venue and a complete commercial kitchen. Comfortable, spacious and affordable accommodations are provided for up to 450 guests in each of two wings of the facility.
Two large banquet wings, paved and secure parking, nearly four acres of landscaped yard and the new outdoor wedding garden provide numerous income and growth opportunities. Includes 209 liquor license with catering and Sunday endorsements.
This is an excellent stand-alone opportunity or one that could easily be parlayed with an existing catering or restaurant operation. The real estate is owned by the business, and is included in the sale. The building is a 12,194 sq. ft. facility, and sits on approximately 7.5 acres of land.
The purchase price includes the real estate, but does not include the inventory of liquor and food to be valued at the seller's cost at closing. The seller will consider financing a portion of the sale with a substantial downpayment from an experienced buyer.
Financials
| Asking Price: | $1,275,000 |
|---|---|
| Revenue: | $431,000 |
| Cash Flow: | $181,000 |
| Downpayment: | NEGOTIABLE |
| Monthly Payroll: | $0 |
| FF&E Asking Price: | $80,000 (Included in Asking Price) |
| Inventory Asking Price: | N/A |
| Financing Available? | Yes |
Property
| Asking Price: | $1,284,000 (Included in Asking Price) |
|---|---|
| Building Size: | 12,194 sq ft |
Other
| Franchise? | No |
|---|---|
| Homebased? | No |
| Relocatable? | No |
| Year Established: | 1970 |
| Year Acquired: | 2004 |
| Full-Time Employees: | 2 |
| Part-Time Employees: | 15 |
| Reason For Sale: | Pursue Other Business Opportunities |