$ 750,000
11009 Burbank BLVD #112 North Hollywood, CA 91601
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$ 750,000
Est. payment | /mo
$ 750,000
Est. payment | /mo
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID BB23124477
HOA Y/N No
Property Description
This is a sale for a well-established and profitable banquet hall business located in North Hollywood. The business has a strong reputation for exceptional customer service and has built a loyal client base over the years. The hall boasts a spacious and elegant ballroom that can accommodate up to 200 guests, with an existing 5 year lease term. The hall features a dazzling, custom commissioned glass ceiling that spans an impressive 60 feet. With its high ceilings and lack of columns, the look of the hall combines contemporary sophistication with European elegance. This beautiful building has been fully renovated with custom draperies, state of the art lighting, custom moldings and columns, lighted dance floor, and immense sparkling chandeliers. The business partners with a valet company for customer/guest parking. The sale includes all fixtures, equipment, and inventory. The new owner will have the opportunity to continue to grow the business and take advantage of the high demand for event venues in the area. This is a turnkey opportunity for someone looking to enter the lucrative event industry or expand their current business. Don't miss out on the chance to own this impressive and profitable banquet hall business!
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Interior
Fireplace No
Others
Acceptable Financing Cash, Private Financing Available
Listing Terms Cash, Private Financing Available
Listed by Robert Dichigrikian • Express Realty & Home Loans, INC. • 818-653-5854
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Valerie Condon
Partner | Lic# 680245