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Beautiful Wedding and Event Center

Lake County, IL
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Asking Price:$99,000
Established Year:2016
Rent:$17,200/Month
Listing ID: 2297873Listing provided by BizBuySell
BUSINESS DESCRIPTION

Beautiful facility on golf course, fully equipped, 4 banquet and party rooms, plus restaurant and special dance and party room. Perfect for every purpose, from meetings to quinceneras, weddings, bar mitzvahs and more. Lush views and grounds, convnient to 1-94 from Kenosha to Chicagoland. Two year lease with option to extend.

DETAILED INFORMATION
Location
Lake County, IL
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
40,000
Lease Expiration
30/09/2026
Employees
20
Facilities
Fully equipped with all licensing in place (alcohol license requires relicensing with new owner).Succefful restaurant/pub on golf course with established clientele. Multiple events in banquet rooms possibly simultaneously. Disco-type party room with DJ setup perfect for after-parties and celebrations. Banquet rooms for 50-300 guests, each with different style.
Competition
The venue is a mid-priced option, affordable options for all. Competition in immediate area is very limited. Draws from Kenosha and Milwaukee, and the northern suburbs of Chicago. Requires experienced marketer to develop new revenue streams and offerings, network and sell.
Growth & Expansion
Facility is underused at this time. Current operator has relocated out of state. Development plans were postponed during pandemic and not fully realized. Nightclub licensing provides additional opportunity.
Support & Training
Current manager will stay on as needed during transition period.
Reason for Selling
Out of state owner.
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STEVEN HOFFMAN
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STEVEN HOFFMAN
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