Banquet & Wedding & Catering Facility – Macomb County

FOR SALE

Listing Information

  • $4,000,000
  • Type: Banquet Hall
  • MLCC: Class C
  • Building Size: 20,566 sq ft
  • Availability: For Sale
  • Lot Size: 5 acres
  • Patio Size: 5,000 sq ft
  • Size Information: 20,566 sq ft on 5 acres
  • Sale Terms: Cash to new mortgage
  • Capacity: 500
  • Building Price: Included
  • Seating: 500 indoors
  • Sales Volume: Greater than $2 million
  • Parking: Private Parking On Site
  • Lease Terms: N/A

Full Details

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 !!!

THG Office
203 Chicane Lane
Pontiac, Michigan 48341