Established Banquet Hall in Niles, Ohio with Significant Renovation
Financial Details
- Asking Price:
- $2,200,000
- Profit Metric:
- N/A
- Location:
- Niles, OH, US
- Source:
- Date:
- September 17, 2025
Key Highlights
Description
This is a well-established Banquet Hall located in Niles, Ohio, offering a prime business opportunity in the Mahoning Valley. The facility spans 22,000 square feet and has recently undergone a significant renovation costing approximately $1.8 million, achieving occupancy certification in July 2024. It is equipped to host large events, with capacity for 850 plated guests or 1600 for standing events. The property includes a state-of-the-art new kitchen, a spacious reception area, and sits on 10.2 acres of land with ample lighted parking. Its strategic location is approximately 1.5 hours from Pittsburgh and 1 hour from Cleveland/Akron, with nearby hotel accommodations and proximity to the Eastwood Mall and Mahoning Valley scraper field. The sale includes all necessary tables and chairs, making it a turnkey operation ready for immediate business. The owner is selling due to a change of interest.
Industry Information
- Industry Description:
- Banquet Hall
- Classification:
- Entertainment & Recreation
Operational Snapshot
- Year Established:
- 1977
- Reason for Selling:
- Change of interest
Real Estate & Lease
- Status:
- Included
Assets & Inventory
- Includes FF&E:
- Yes
Broker Contact
- Name:
- Jody Kapadia
- Company:
- Berkshire Hathaway HomeService
- Phone:
- 234-414-6742
Listing Details
- Listing ID:
- d022a6fe-0635-41de-b55b-6104b40b9308
- Source Listing ID:
- 2339272
- Deal Status:
- For Sale
- Last Updated:
- September 17, 2025
- Currency:
- USD