Price is for Property, Building and Thriving Business With All Equipment and Fully Booked Events. Opportunity to Purchase This Recently Remodelled 14,284 Sf Banquet/catering Facility in the Heart of the O'Hare Market. This Prime Property is Surrounded by Small Industrial, Commercial, Retail and Residential Properties. the Offer Price of $2,999,900., Includes Business (Which Includes All Furniture, Fixtures Every Item Needed to Operate and Facilitate Many Different Decors for Any Different Occasion and Fully Equipped Commercial Kitchen With Several Walk-in Coolers). Owner Has Contracts for Banquets Through 2024 and Into 2025 and is Willing to Stay and Train New Operator for a Short Time. There Are Two Full Separate Banquet Rooms With Large Kitchen Facility in Between Easily Able to Serve Both Elegant Rooms. Larger Room Accommodates 200-220 People Depending on the Type of Party. Large Private Party Up to 200 Comfortable or 220 With a Shared Party Environment Which of Recent Has Been Most Popular and Profitable Plus 100 to 120 in the Smaller Room. Owner Will Disclose Excellent Income Streams With Parties Booked Through the Year Every Weekend and More. the New Remodel Included: New Drywall, Paint, Upgrade to Led Light Fixtures New Marble Dance Floors and New Flooring and Lighting in Both Ballrooms. Larger Room is Facilitated by 4 Separate Washrooms Smaller Room 2 New Baths. Private Brides' Rooms and Office Area. New Walls, Sinks, Counters, Tile Floors, Lights, and Stalls in Bathrooms. This Property Has Been Completely Remodeled. a New Roof Was Installed in November 2017 With a 10-year Warranty. 63 Parking Spaces Plus Access to Additional Allowed Parking Across the Street. the Property is Located Just Minutes From Donald E. Stephens Convention Center, Allstate Arena, Rosemont Theatre, Rosemont Entertainment District, Mb Financial Park, the Fashion Outlets of Chicago and a Wide Variety of Hotels and is Perfectly Positioned to Take Advantage of the Opportunity to Host/cater the Numerous Corporate Functions, Holiday Parties, Bridal/baby Showers, Weddings, Baptisms, Cotillions, Anniversaries, and Other Events That Take Place Throughout the Year. Owner states over 2 million in gross so far for 2024 and bookings into 2025. 40% net margin of profit.
Based on information submitted to the MLS GRID as of 11/25/2024 11:09 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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