×← Back to all deals
ON-MARKET
BANQUET HALLS

Profitable 40+ Year Established Banquet Hall - Chicago NW Suburbs

Cook County, IL

$3.0M
Asking Price
$1.9M
Revenue
$350K
Cash Flow

Overview

Established and profitable banquet hall business available in the Northwest Suburbs of Chicago. This exceptional opportunity features a well-established event venue with strong reputation, loyal customer base, experienced staff, and significant future bookings. BUSINESS OVERVIEW Operating successfully for over 40 years since 1980, this banquet hall serves as a premier destination for weddings, corporate events, social celebrations, cultural events, fundraisers, memorial luncheons, and private events throughout the Chicagoland area. FINANCIAL HIGHLIGHTS • Annual Revenue: $1,900,000 • Cash Flow (SDE): $350,000 • EBITDA: $208,000 • Strong forward booking pipeline with $500,000+ in deposits for 2027-2028 events (credited to seller at closing) • Consistent profitability with established revenue streams FACILITY FEATURES • 25,000 square foot facility with multiple ballroom configurations • Large-capacity event space accommodating various event sizes • Excellent Italian cuisine with strong food reputation • Substantial on-site parking for guest convenience • Strategic location with excellent access to major highways and O'Hare International Airport OPERATIONAL STRENGTHS • Experienced management team and staff in place • Strong online presence and customer reviews • Loyal customer base with repeat business • Established operating systems and infrastructure • Currently operated by absentee owner • Fully operational with systems and staff already in place GROWTH OPPORTUNITIES • Expand weekday corporate events near O'Hare and business hubs • Increase luncheon partnerships and weekday bookings • Position for premium weddings and private events • Add brunches and holiday events • Enhance outdoor event space • Expand digital and corporate marketing initiatives ADDITIONAL DETAILS • FF&E valued at $800,000 • Inventory value: $35,000 • Real estate owned by seller, valued at $5,000,000 (option to purchase with real estate for $7,000,000) • Current lease: $30,000/month • Owner selling to pursue other business and personal interests • Post-sale support: One month training and ongoing phone support available...

Key Details

Year Established1980
StateIL
Request Full CIM & Details →

Deal data sourced from BizBuySell. Contact broker directly or become a Gravy member for deal analysis and acquisition support.