Banquet Facility in Heart San Fernando Valley with LOW RENT

BANQUET FACILITY in Heart of San Fernando Valley with Low Rent

This Banquet Hall is situated in the Heart of San Fernando Valley and has served guests since 2004. It has a Large Parking Lot to accommodate large groups. The room can be seated for 250 people comfortably and has held groups up to 300. There is Stage area for Bands and Dance Floor for guests pleasure. The building is 7,700 Sq Ft and the rent is $9,000 bringing it to a low rent factor of $1.17 per foot.

The kitchen has a good sized Walk-In Cooler and a Hooded cooking area and plenty of work area to prepare and stage the serving of the parties.

The NICE thing about Banquets is you prepare and serve food once, unlike in a Restaurant where you are preparing a multiple of food items through out the whole day, here its one meal served and kitchen is done. This helps bring waste to a minimum and labor needs are reduced as well. 

The current chef and staff would be willing to stay on if needed. There are parties currently booked for 2019 and Seller would hope the Buyer would use the current chef for these bookings as Guests are familiar with his food and are expecting his food to be served.

FOR THE PAST FEW YEARS Owner has had other business obligations and has not taken care of the business and sales have dropped. There was NO Advertising beyond keeping the website operational, so someone browsing the Web looking for a Banquet facility might happen upon their web site and make a call. The New  Buyer could revamp the advertising and bring this place back to its Busier past and see it become a very profitable operation again.

Seller has the Bookings list and calculations showing that in 2018 there was a $72,000 profit after paying the bills, these numbers have Not been verified by SellingRestaurants and Buyer must do their due diligence.

There is a service bar on site where drinks can be made and served but because there is NO Liquor License there can not be any selling of drinks. Guest can bring in alcohol and a Bartender is available if needed to mix and serve drinks.

A new owner could also look into doing Off Site Catering utilizing the facilities kitchen and resources. Facility could also be rented out as a meeting room for companies and groups looking for a size able venue to accommodate their needs.

Buyers must be Pre-Qualified prior to getting name and address. So if this sounds like something you have been looking for just contact Stuart at 818 519 2748

Demographics

Disclaimer