Profitable 40+ Year Established Banquet Hall - Chicago NW Suburbs - Business for Sale
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Banquet Hall and Event Venue in Chicago NW Suburbs
IL, US
Added 1 month ago
Banquet Hall and Event Venue
46 years in business
Absentee / Semi-Absentee
A banquet hall and event venue in the northwest suburbs of Chicago, established for over 40 years, hosting weddings, corporate events, and social celebrations.
Key Information
Asking
$6.5M
Revenue
$1.9M
Earnings
$710K
Multiple
9.2x
Key Highlights
- Business established in 1980 (46 years in operation as of listing date)
- FF&E valued at $800,000 and inventory valued at $35,000 included
- Real estate owned by seller, valued at $5,000,000
- Over $500,000 in forward booking deposits for 2027-2028 events credited to seller at closing
- Currently operated by absentee owner with experienced management team and staff in place
Contact Info
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