Listing Details:

• Business Category:            Real Property Rltd   
• Price:                                        $4,775,000 (business and related                                                                       property/assets)
  
• Gross Revenue:                   $685,262
• SDE:                                        $3,329
• Location:                                 Southwest Chicago Suburbs
• Inventory:                              $10,000
• FF&E:                                       $384,364
• Reason for Sale:                  Pursuing Other Opportunities
  
• Support & Training:           4 weeks 
  
• Non Compete:                       25 Miles for 2 Years
  

Property Listing Details:

• Property:          8 acres
• Building:           37,922 SF Operational Banquet Hall
• Amenities:        
  • Covered drive under canopy
  • Large foyer
  • Reception room and private office adjacent to foyer
  • Commercial kitchen in the center of the building with several partitioned storage rooms, walk-in refrigeration, a small office and two employee washrooms
  • Four banquet rooms in the rear of building, each has separate bar
  • Two smaller meeting rooms on main level
  • Upper level includes four bridal suites, each of which has a private bathroom
  • Storage room upstairs
  • Loading area with 9' by 10' overhead door
  • Two detached garages and trash enclosure
  • Annual taxes $73,650
  • Built in 2001

Business Description

This is a premier wedding and event services business/venue in the southwest suburbs of Chicago with an experienced leadership team and staff.  They have created an established legacy in its industry space for over 20 years, and recent modifications and upgrades have enhanced its appeal for weddings, corporate retreats and other personal and professional celebrations.  With a strong emphasis on exceptional personal service and guest experience (including an onsite bakery), multiple tiered packages offer a right fit to accommodate all occasions.   

Growth Potential

More than satisfied customer experiences have resulted in steady business throughout the years, but current owners are involved in multiple other business endeavors that limit further growth.  New ownership with a dedicated focus on a growing post-Covid desire for in-person events that include but not limited to weddings and anniversary celebrations on the personal side along with corporate retreats and team-building exercises on the professional side will take advantage of an expected growth in the industry of over 5 percent in the near-term future. 

Seller Financing

Owner willing to consider seller financing of up to 20% for qualified buyers.