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Longstanding Banquet Hall Franklin Park, IL - On Prestigious Grand Ave!

Franklin Park, Illinois
Longstanding Banquet Hall Franklin Park, IL - On Prestigious Grand Ave!
Asking Price:$1,100,000
Value Of FF&E: Included in Asking Price
Real Estate: Owned
Year Established: 1986
Status: Under Contract

Contact Details

Contact Name: Ted Aretos

Contact Email: sales@eatz-associates.com

Contact Phone: 815-761-8334

Contact Fax: 847-620-2934

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Business Description

A well-established banquet facility offering fine food, elegance, beauty and great service for over 30 years!

Features two large adjoining banquet rooms, each with a service bar, dance floor and a seating capacity of 275 for a total capacity of 550. Boasts fine furnishings, classic details and beautiful chandeliers throughout. Ample parking and valet service.

Huge fully equipped professional kitchen for in-house functions, as well as a big catering business. Also, back of banquet hall operates as a carryout restaurant with its own entrance and a rotating pizza oven.

Family owned & operated. Asset sale with property. Priced well under market value!

Feel free to stop by the location first. This is a highly confidentially listing, DO NOT discuss with employees or patrons. If interested, contact EatZ for more information. Showings by appointment only.

 

Detailed Information

County: Cook

Location: Prime retail space in a freestanding building with loft, 200 feet of excellent street frontage, large monument sign and plenty of parking for 90 vehicles. Has exceptional signage, visibility and access. Perfectly situated on busy Grand Ave with high traffic counts of 27,000 vehicles per day. Just minutes from downtown Chicago, 7 miles from O’Hare Airport and 2 miles from Interstate 294 (1-294).

Facilities: Masonry one-story freestanding building. .85 acres. 36,400 sqft of land. 4 PIN numbers. Currently zoned Commercial C2-1. Can also re-develop the property into a full-service restaurant, health club or any retail, strip center or mixed usage. Square Feet: 12,728. Seating: 550. Days/Hrs of Operation: Tu-Fr 10a-8p & Sa-Mo 11a-5p.

Competition: Ideal location on prestigious Grand Ave in Franklin Park. Delicious food. Excellent service. Elegant décor. Known for their fabulous brunches, funeral luncheons, dinner shows, corporate & charity events, theme buffets, social gatherings, golf & sporting outings, holiday celebrations, fashion shows, school functions, proms, reunions, bar/bat mitzvahs, baptisms, birthday & anniversary parties, bridal & baby showers, wedding receptions and more. Also, caterer to an extensive array of functions.

Growth and Expansion: Local favorite. Longstanding banquet facility. Highly rated and recommended on WeddingWire, The Knot and more. Excellent reputation, great opportunity to build on.

Support/Training: Negotiable

Number of Employees: 20

Seller Financing: No

Reasons For Selling: Retiring.

Value Of FF&E: Included in Asking Price

 

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