Banquet Halls for Sale

Starting vs Buying a Banquet Business for Sale

Starting or buying and running a Banquet Business or Food related businesses such as Banquet Halls FOR SALE, Banquets for Sale businesses or complimenting and supporting services such as ... etc., can be an exciting, challenging and a rewarding experience especially, to those who are passionate about their work.

If you are interested in starting a small Banquet business or related company, buying an established Banquet business or an existing Banquet franchise for sale near you or buying a Food related online business, can be one of the best ways to start your own small business. It is fairly easy to start a business in current times but making it profitable and keeping it profitable is not easy and only a small percentage of startups stay in business beyond five years and only a few reach consistent profitability. There are several advantages in buying an existing Banquet or Food related business with an established customer base when compared to starting a new Banquet company and it may also be easier to finance an existing business than to obtain financing for a new start-up, wherein the banker will want you to show assets and collateral along with a solid business plan, before even considering providing any financial assistance. This is no different than financing a vehicle or real estate with a small down payment rather than paying the full price but and the lender is happy to finance as long as the business is cash flow positive, instead of paying the full amount but only in case of buying a business, the amount can be so large that most people do not have the money to make an upfront purchase and even if they do, most small and large businesses are financed via debt or equity financing.

Talk to any friend or a family member, most certainly they will have an idea for a food related business, whether it is a sauce based on grandma's recipe or technique based on uncle's experience or cousin's killer hot sauce, there is no shortage of ideas for starting a food business. The organic and natural food movement has gained popularity from organic soy milk to gluten free products. If you are passionate about food, there are always new opportunities to start a niche Banquet food company or a small Banquet manufacturing business locally or sell via drop shipping or through online through marketplaces like Amazon FBA businesses and Etsy. You may consider buying an established Banquet Halls FOR SALE, Banquets for Sale ... etc., Instead of just thinking about the main product or the business, also think about other opportunities that may exist with regards to services centered around a Banquet business or if it is possible to rebrand or introduce complimenting or other related services such as ecommerce, distribution, and customer acquisition possibilities, etc., While there are many considerations, when it comes to buying a business and the purpose of this page is not meant to outline all the details on how to buy a Banquet business, the first and foremost factor is that, one would want to find a profitable business to buy and it is great if it is with business financing arrangement in place with pre-approval for a loan from a SBA qualified lender or a third-praty lender and better if it is a owner financed company but in some cases established businesses and aged shell companies are bought even if they are not profitable. In many cases the company or product can be re-branded later or additional services can be added to existing business to acquire and expand market share but also to finance and even to go public, such as a recent example of an electric vehicle start-up that bank rolled their startup by acquiring a shell company and went public. Also, keep in mind that while starting a new Banquet company is not too hard, running a business is not easy and making it consistently profitable and growing it is another thing because a vast number of small business that are started will usually fail within first few years and a small number of them are consistently profitable. Hence, buying an existing Banquet Halls or franchise with cash flow can be a better option, depending upon the type of business and its finances.

Buying a Small Banquet Business from a Business Owner vs Broker

Many users seem to be searching online for Banquet Halls FOR SALE, Banquets for Sale & and ... related business for sale by owner and may be it is because buyers are led to believe that they can negotiate better with the owner or get a better deal. Despite websites and marketplaces like our's which facilitate any independent small business owner to sell a business directly, most small Food businesses are still sold through brokers and hence no FSBO websites & marketplaces have been successful. Also a very few businesses listed by owners eventually get sold because most sellers price it higher than what it is worth or do not use real valuation metrics, whereas an experienced broker in the Banquet - Food related industry will price it based on the market metrics and valuation, so that they can sell it quickly because keeping it on market for too long can be counter productive. There are also other advantages of dealing with a qualified and experienced broker but in the end whether it is an FSBO business or listed by a broker, everything depends on the real value of the business, current market conditions.

Whether you are buying a Banquet business from an independent small business owner or form a broker, the most important factor or the first step is to evaluate the business to make sure the business is priced right or at a discount. You can either use an evaluation software or in some cases you can find valuation metrics online or you can hire an accountant, CPA, professional appraiser or a broker who can use provide a good valuation. While the valuation metrics differ with the type of company, industry and current market conditions, the most used metric for valuation is based on EBITDA or SDE ie Seller's Discretionary Earnings. Buying a small business can be once in a lifetime event for most people and before you put your hard earned savings in the business, always seek advice from a qualified business professional such as licensed broker, M&A advisor, consultant, small business accountant or a lawyer with regards to verification of finances, drafting contracts and price negotiation.

Find Established Banquet Business for Sale or Existing Franchises & Opportunities

Find established & running Banquet Halls FOR SALE, Banquets for Sale for sale near you or franchise resale listings by a small business owner or by a business broker and ... & Food related local and online business opportunities - if you are looking to sell a Banquet or related Food business opportunity, list it here to sell your business Commission FREE!

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    Successful Bagel Shop
    $499,000
      Wyoming USA

    Established in 2012, this bagel shop has enjoyed excellent revenues, supported by such an impeccable...

    Established in 2012, this bagel shop has enjoyed excellent revenues, supported by such an impeccable reputation, located in northern Wyoming. They have tremendous name recognition and an outstanding reputation, which helps them to attract and maintai...

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    This One Will be Gobbled Up Quickly
    $125,000
      Florida USA

    This is 30 year established catering company is an EGGCELENT opportunity with lots of assets in plac...

    This is 30 year established catering company is an EGGCELENT opportunity with lots of assets in place. Operated in a convenient location and fully licensed with lots of upgrades in this over 2500 sq ft air-conditioned commercial kitchen that is ADA c...

    Catering Food
         
  • Food
    Franchise Pizzeria - Fast Food
    $275,000
      California USA

    Brand New Franchise Pizzeria For Sale!! Located On A Corner Lot On A Very Busy Major Boulevard In Lo...

    Brand New Franchise Pizzeria For Sale!! Located On A Corner Lot On A Very Busy Major Boulevard In Los Angeles, This 1700 Sq. Ft. Store,

    Pizza Food
         
  • Food
    Pizzeria & Italian Kitchen In West Los Angeles
    $248,000
      California USA

    A Spacious (over 1400 Square Feet) Pizzeria And Italian Restaurant With A Full Kitchen (hood, Grease...

    A Spacious (over 1400 Square Feet) Pizzeria And Italian Restaurant With A Full Kitchen (hood, Grease Traps, Grill, Etc.) Is Available For Sale In West Los Angeles. Prime Location. Parking Is Available. Beautifully Remodeled. Health Issue Is Forcing T...

    Pizza Food
         
  • Food
    Successful Fine-Dining Restaurant & Bar
    $1,475,000
      Wisconsin USA

    This is a very popular and well-established restaurant that has been successfully catering to north-...

    This is a very popular and well-established restaurant that has been successfully catering to north-western Wisconsin. The restaurant provides superior service and an unforgettable culinary experience every day to every guest. There is exceptional op...

    Pizza Food
         
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    Upscale Restaurant And Banquet Hall
    $1,475,000
      Wisconsin USA

    Providing Superior Service And Top-tier Entrees, This Small Town Northwestern Wisconsin Restaurant A...

    Providing Superior Service And Top-tier Entrees, This Small Town Northwestern Wisconsin Restaurant And Event Center Is Truly One Of A Kind. Over The Years This Restaurant Has Become The Go-to Upscale

    Upscale Restaurants
         
  • Media-Entertainment
    Event Center & Catering Hall
    $434,000
     Northern Ohio USA

    Event Center and Catering Hall for sale in Northern Ohio near Lake Erie and the Islands. 2018 sales ...

    Event Center and Catering Hall for sale in Northern Ohio near Lake Erie and the Islands. 2018 sales will exceed $500,000, with low overhead generating amazing profits and they already sport a solid book of contracted business for the next several yea...

    Event Media & Entertainment
         
  • Restaurants
    Popular Restaurant W/3 Streams Of Income
    $1,500,000
      Pennsylvania USA

    This is a historical restaurant and pub with an admirable history, presenting an "English Pub" style...

    This is a historical restaurant and pub with an admirable history, presenting an "English Pub" style atmosphere that still features the original 1903 carved wooden bar and mirrors. The present owners purchased this historical 6,500+ sq. ft. building ...

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    Spacious Vineyard and Winery
    $4,850,000
      New Mexico USA

    This is an unbelievable opportunity to own a well-established and profitable winery that is well-kno...

    This is an unbelievable opportunity to own a well-established and profitable winery that is well-known throughout the region for their spacious tasting room to enjoy some of the best wines in northern New Mexico. Their wines and hard apple ciders are...

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  • Food
    Spectacular Catering Business
    $450,000
      North Dakota USA

    This popular catering business, located in south-western North Dakota, has constructed an honorable ...

    This popular catering business, located in south-western North Dakota, has constructed an honorable reputation in the catering industry for their dependability and excellence in all of the work that they do. They currently offer an excellent menu sel...

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    Distributor of Unique Food Products
    $2,999,000
      Washington USA

    This profitable business has a popular branded collection of unique, all-natural, well-established s...

    This profitable business has a popular branded collection of unique, all-natural, well-established specialty gourmet food products. This includes assorted condiments, sauces, dressings, dips, salsas, seasonings, olives, mushrooms and pickled garlic a...

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    Featured Business Brokers

    Are you a small business lawyer, accountant or a business broker with a focus, niche or specialty in the Food industry, Banquet Business? Sign-up for a free broker account and upgrade if you want get featured on this page and also on state/region/city search pages.

     

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     Los Angeles California USA

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     Scottsdale Arizona USA

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    Most Searched: Banquet Online Drop Shipping, Distribution, Banquet Wholesale, Distributor, Manufacturing, Banquet Opportunity, Banquet Brokers, Banquet Franchise Opportunity, Website ...

     

    Selling a Banquet Business?

    Are you a small business owner interested in selling a Banquet related business, property, franchise, service, company? Advertise your Banquet business listing online and Sell a Business or Franchise Commission FREE - Seller Testimonials - If you are a business broker or a real estate agent, signup for a FREE listing account to get Business Broker Leads.

    If you are a owner selling it on your own, then you need to do additional marketing and monitoring leads - there is more to it than just listing it on a few websites. This in itself is a process and can take a lot of your time.

    How to Sell my Banquet Business?

    Before selling a Banquet Business, the most important factor or the first step is to organize financials for the last 2-3 years, including tax filings, make a list of equipment and inventory, employee and payroll data and generate profit-loss statements, etc., Then the next most important step is to find what your business is worth and to evaluate your Banquet company to make sure that you price it right based on the existing market conditions. You can either use an evaluation software or in some cases you can find valuation metrics online or you can hire an accountant, CPA, professional appraiser or a broker who can use provide a good valuation. While the valuation metrics differ with the type of company, industry and current market conditions, the most used metric for valuation is based on EBITDA or SDE ie Seller's Discretionary Earnings - which usually includes the owner's salary and benefits in net-income, used mostly by a small company or solo owner operator.

    The next step in selling your Banquet company is to draft a buy-sell agreement or a contract of sale and you can use a software or buy Sale of Business Forms online or hire a small business lawyer. Selling a small business can also be once in a lifetime event for most people and no matter how well versed you are with your company and the process of selling it, one small mistake may lead to a huge loss or a botched deal, it is recommended that you always seek advice from a business professional such as licensed broker, M&A advisor, consultant, accountant or a lawyer with regards to verification of finances, drafting contracts and negotiation.

     

    Disclaimer: Established Banquet Halls FOR SALE, Banquets for Sale related Business Opportunities, Existing Franchises, Companies, Brokers, on this website are classified ads listed by a corresponding small business owner or by a broker. The site has not verified the information posted by advertisers and the site is not responsible for authenticity of information, pricing or for any inaccuracies. By using the website or the advertiser contact form, you agree to assume the responsibility for further communication or any transactions you may conduct with the seller - the website is not involved with any transactions.