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Banquet Hall for Sale in Chennai, India

Banquet hall for sale: Spacious venue with in-house catering and guest accommodations.

Established 1-5 year(s)
Employees 10 - 50
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 335 thousand
Run Rate Sales USD 400 thousand
EBITDA Margin 20 %
Industries Banquet Halls
Locations  Chennai
Local Time 9:57 PM Asia / Kolkata
Listed By Advisor / Business Broker
Status Active
Overall Rating
Full Sale
Asking Price: USD 4.7 million (Native Currency: INR 420,000,000)
Reason: The owner wants to exit the industry.
The advisor will not charge the buyer any fee.
Includes physical assets worth USD 4.7 million
Interested to connect with advisors
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Business Name
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Business Overview
- The business operates a spacious marriage hall located in Arumbakkam, Chennai, tailored for hosting weddings and large gatherings.
- It boasts a total built-up area of 23,000 sq. ft across two floors, accommodating up to 1,400 guests, making it suitable for various events including weddings, receptions, and parties.
- The seating arrangement can comfortably accommodate 500 persons, providing ample space for both intimate and grand celebrations.
- The hall is available for rent at INR 3,00,000 per day, offering clients a full 24-hour access to the venue.
- Additional value is added with six complimentary guest rooms for out-of-town guests, enhancing convenience for wedding parties.
- Parking capacity includes space for 50 cars and 100 two-wheelers, ensuring hassle-free access for attendees.
- The venue offers in-house vegetarian catering services, while also welcoming outside catering options to cater to diverse client preferences.
- Customizable décor options start at INR 1,00,000, allowing clients to enhance the aesthetic appeal of their events according to their themes and budgets.
- On average, the hall serves about 5-10 customers a month, positioning itself as a preferred choice for weddings and events in this vibrant Chennai locality.
Products & Services Overview
The business primarily generates revenue from renting its marriage hall for weddings, receptions, and large social events, catering mainly to families and event organizers. Additional services include in-house vegetarian catering, customizable décor, and complimentary guest accommodation, which are used by clients to host seamless, full-day celebrations.
Assets Overview
Tangible assets:
- Land and building.
- Furniture and fixtures.
Facilities Overview
The facility is a purpose-built marriage hall with a total built-up area of 23,000 sq. ft. spread across two floors. It is designed to accommodate large gatherings and is operated as an event rental venue, offering 24-hour access on a per-day rental basis. The property is fully equipped to host weddings and large social events, with no lease constraints impacting operations.
Capitalization Overview
- Sole owner.
- No loans or debts.
Recent Activity
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1 Buyer contacted this Business this week. Register below to connect now!
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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