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 today
Banquet Hall / Event Venue
46 years in business
Absentee / Semi-Absentee
A banquet hall and event venue in Chicago's northwest suburbs, operating for over 40 years and serving weddings, corporate events, and private functions from a 25,000 square foot facility.
Key Information
Asking
$3.0M
Revenue
$1.9M
Earnings
$350K
Multiple
8.6x
Key Highlights
- Business established for 46 years (since 1980)
- FF&E valued at $800,000; inventory value: $35,000
- Current lease: $30,000/month; real estate valued at $5,000,000 (owned by seller)
- Over $500,000 in deposits for 2027-2028 events to be credited to seller at closing
- Business currently operated by absentee owner with experienced management team and staff in place
Contact Info
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