Banquet Hall for Sale with Catering & Wedding Venue Turn-Key Business in Fraser,MI
Asking Price: $4,250,000.00
Categories: Commercial, For Sale, Hospitality Business Plus Real Estate, Retail
- Showing Request
Co-Listed with Michael Scheid, MBA, Thomas Hospitality Group Inc.; Michigan License # 6502140181
Banquet Hall for Sale with Catering and Wedding Venue Turn-Key Business
Bankruptcy Court Ordered Sale!
Asking Price: $4,250,000 (Reduced from $4,500,000.00)
Option to Buy Just the Real Estate or the Going Concern Business Plus the Real Estate; Just the Real Estate Alone Recently Appraised for $5,000,000.00!
Co-Operating Broker Commission: 2%
Banquet Hall Building: Approx. 16,500 SF
Wedding Chapel Building: Approx. 3,074 SF
Residential Garage: Approx. 992 SF
Acres: Approx. 5.584
Indoor Seating: 700 people
Patio Seating: Approx. 3,000 SF
Parking: Surface Lot with 243 Spaces
VPD: 20,000 cars
MLCC: Class C Liquor License
PINS: 03-14-05-305-008 (Banquet Hall on Approx. 3.22 acres); 03-14-05-305-005 (Wedding Chapel on Approx. 1.616 acres); 03-14-05-305-003 (Parking Lot)
Zoning: CG (Commercial General) and IC (Industrial Controlled)
Because this banquet hall for sale is the perfect venue to host special events– including weddings, banquets, showers, birthday parties and more– this catering business in Fraser Michigan is highly successful. The banquet hall for sale includes three banquet spaces that are both elegant and well-appointed with indoor and outdoor options. The banquet hall has indoor seating for up to 700 people with two rooms opened up to seat 450 people and another private room with seating up to 250 people. The outdoor garden provides an approximately 3,000 SF private rental space.
The real estate is approximately 20,566 square feet total on over 5.5 acres which includes a banquet hall, wedding chapel and outdoor patio. Both the real estate and going concern banquet hall, catering and wedding venue business are for sale.
Main Features Include:
- Seating for 700 people indoors
- Newly renovated Banquet Hall with over $1 million spent on improvements
- New Wedding Chapel
- Approx. 3,000 SF patio for outdoor events
- Private on-site parking
- Catering is over 25% of the business, including on and off-site catering
- Class C Liquor License
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