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#5469
San Fernando Valley Restaurants For Sale

Banquet Facility in Heart San Fernando Valley with LOW RENT

$189,999
Banquet Facility in Heart San Fernando Valley with LOW RENT
This Listing is Expired

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

 

 

This is a Stone Path Brokerage Services Inc listing.
Restaurant Broker Stuart Schlosser DRE License #01809021

Lease

Region:
San Fernando Valley Restaurants For Sale
Lease Term:
March 31, 2025
Total Monthly Rent:
$9,000
Security Deposit:
$20,000

Operations

Hours Open:
When Booker
Year Established:
2004
Hood System Type 1:
Yes

Facilities

Indoor Seating:
250
# of Parking Spots:
Lots
Inside Sq. Ft.:
7,700

Highlights

  • 7700 Sq Ft Banquet Hall
  • Rent ONLY $1.17 sq ft.
  • San Fernando Valley Location
  • Lease good to 2025
  • Accomodate 250 guest ++
  • LargeParking Lot

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No

Demographics

Population 5-mi
2014 Total Population 0
Households 5-mi
2010 Number Of Households 0
2010 Persons Per Household
Median House Value $0
Income Per Household $0
Businesses 5-mi
2009 Number Of Businesses 0
2012 Number Of Employees 0
2012 Total Annual Payroll $0

click for more demographic info

Disclaimer

Notice: The User (that's you reading this) of this Website understands that Paramount Restaurant Brokers, Inc. ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it.  In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate, its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User.


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