FOR SALE: Banquet & Wedding & Catering Facility – Macomb County
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Description: Price adjustment moves the price to $4,000,000.00
Whether you are looking for a location to host a banquet, have a wedding or just order catering to your location, this is the place! The great food is the foundation for any event; whether on-site or at your location. Their beautiful venue features elegant rooms designed to create the ambiance that embraces your event. Whether a sit down dinner or strolling stations, your event will be perfect.
That is the reputation you will be owning when you take over this very profitable business and real estate. A full service business, your customers will include from weddings, showers, and memorial luncheons to sports banquets and birthday parties. Catering is over 40% of the business. They hosted 260 weddings last year in addition to all the other types of events that were completed. 2019 revenue was $2,900,000. 2021 came in at $2,277,000 and 2022 are trending at $2,650,000. 2023 projections are at $3,100,000.00. The real estate alone appraised for over $5 Million dollars in March, 2020.
If you are looking to own a wedding, banquet and catering enterprise, this just might be the time. The owner will stay on for a year to assist with the transition. Buy the enterprise for less than the appraised value of the real estate and you get the business for free !!!