Popular Banquet Hall for Sale
Woodbridge, VA
| Asking Price: | $600,000 |
| Rent: | $5,303.2/Month |
| FF&E: | $15,000 |
| Gross Revenue: | $350,000 |
| EBITDA: | $150,000 |
| Established Year: | 2021 |
Listing ID: 2228460Listing provided by BizBuySell
BUSINESS DESCRIPTION
The "BEST VALUE" banquet hall in Woodbridge, VA
Offers a modern 7,000 sq. ft. banquet facility to host your next event with many upgrades done this year to include:
New PVC ceiling (replaced old dingy ceiling tiles)
New Lighting (ballroom changerliers, bar lighting, Wall Scoans)
Prime location with easy Highway access (7 minutes from I-95)
Facebook: https://www.facebook.com/graysevents/
Instagram: https://www.instagram.com/graysevent_center/
ATTACHED DOCUMENTS
DETAILED INFORMATION
Location
Woodbridge, VA
Inventory
Included in asking price
Real Estate
Leased
Building SF
7,112
Lease Expiration
30/06/2027
Employees
1
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Venue seats up to 200 banquet style
Lobby
8 Camera CCTV System, assecible on Phone
3 Thermostat's accecible on Phone
Changing room
3 Male restroooms (ADA Access)
1 Female restroom with 3 stalls and 3 sinks (ADA Access)
Bar area w/300 bottle beverage cooler
Prep kitchen with Refridgerator/Microwave/ Ice maker and plenty of counter space
220 Banquet Chairs
220 Gold Chiavari Chairs
25 5-ft Round Tables
15 8-ft rectangular tables
1 Sweetheart table
1 6ft rectangular table
4 cocktail tables
20 Wireless uplights
Projector
Competition
We've positioned ourselves as providing the "Best Value" event center in the Woodbridge, VA Market. Room to up saturday pricing to increase revenue
Support & Training
1. Operational training: Covering day-to-day processes, systems, and procedures
2. Financial management: Training on accounting practices, financial reporting, and budgeting specific to the business.
3. Mentoring: Ongoing advice and guidance from the previous owner, if agreed upon.
Reason for Selling
Ownership wants to pursue a different business or career path and interests.
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