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Ref NoL512/OGS-03
StateSelangor
LocationShah Alam
CategoryCafe / Restaurant
Food Production / Hospitality
Rental and Leasing
Services
 
 
 

Banquet Halls for Sale

Tasteful decor, open and inviting ambience, spacious dining room, service bar, friendly hosts, and currently a multi Malay menu, but capable of offering any cuisine in an upscale fine dining venue, with adjacent banquet hall.

The banquet hall is located in Shah Alam area, in an expansive strip mall, convenient to major highways and scores of large business complexes and retail stores. All together the property comprises 21,000 sq ft with a monthly rental return RM 27k. The furniture, fixtures, and equipment have an estimated replacement value of at RM 1 million, including procurement costs. The business has grown steadily, grossing high six figures and netting a very comfortable six-figure actual net cash flow. Revenues are derived for the regular Malay Wedding party in the crystal hall approximate 200 weddings function anually, detailed financials are available to a serious buyer upon consultation with the owner.

This business is turn-key and can seamlessly transition to a new owner, certainly with absentee owner potential. The deal structure will be an asset sale. The reason for sale is the seller desire to pursue other business ventures. The owner would agree to stay for a brief reasonable transition time at buyer’s option.
 
 
Remark
Monthly ProfitRM 100,000 - RM 500,000
Asking PriceRM 7,000,000
 
           
 
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