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11009 Burbank Boulevard, #112

North Hollywood, CA 91601

PRICE REDUCED

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-$100,000 (-11.76%)

$750,000

List Price

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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!

Listing Information

List Price $750,000
Status Active
MLS BB23124477
Type Business
Lot Size N/A
Structure Size N/A
DOM 525
Courtesy Of Express Realty & Home Loans, INC.
Listing Agent Robert Dichigrikian DRE#01447257

Interior Features

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Exterior Information

Maps

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Listing information courtesy of: Robert Dichigrikian, Express Realty & Home Loans, INC. 818-989-9994. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 18th, 2024 at 9:53 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.