Turnkey Legacy Banquet Hall Business with Property
Banquet hall with onsite bakery in Chicago's southwest suburbs, IL
On NextCompany since August 30, 2026 (46 days)
IL areaEstablished 20018 FT employees
Business overview
This banquet hall hosts weddings and events in the southwest suburbs of Chicago. An experienced leadership team and staff run operations with an onsite bakery. Recent modifications and upgrades support weddings, corporate retreats, and other celebrations. The sale includes the property.
This 2001 venue employs 8 people. The seller asks $4,775,000. Gross revenue is $685,262. Cash flow is $3,329.
Who is a good fit for this business
- Owner-operators who want a banquet hall in the southwest suburbs of Chicago.
- Buyers who can fund a $4,775,000 purchase without seller financing.
- Buyers seeking a wedding and event venue with an onsite bakery.
- Buyers who will keep the venue in Illinois, since it does not relocate.
Details
- Reason for selling
- Pursuing Other Opportunities
Frequently Asked Questions
This banquet hall hosts weddings and events in the southwest suburbs of Chicago. The team also serves corporate retreats and other personal and professional celebrations. An onsite bakery and tiered packages support those occasions. The venue operates in Illinois.
The seller asks $4,775,000 for the banquet hall. The sale includes the property. Inventory is $10,000. Furniture, fixtures, and equipment total $384,364.
Gross revenue is $685,262. Cash flow is $3,329. The seller asks $4,775,000. Inventory is $10,000.
The seller does not offer financing. The listing sets the down payment at $4,775,000. That down payment matches the $4,775,000 asking price.
The owner is selling to pursue other opportunities. The banquet hall started in 2001. An experienced leadership team and staff remain with the venue. The business employs 8 people.