How Do You Start A Banquet Hall Business?
Like all original ideas, the banquet hall debuted when need met ingenuity. Not everyone wanted–or could afford–the luxury of a hotel and maximum occupancy limits at restaurants often came up short. Thus the banquet hall was born. You’ll find it everywhere and it’s easy to see why a good location can launch a healthy business. But, before you start interviewing caterers and pricing Champagne fountains, be a dogged researcher and make sure that you are entering this business with your eyes (not your checkbook) wide open. Tour area banquet halls. Look at their packages, set up, amenities and facilities. Pick up brochures to learn how established banquet halls market their services. Your job will be to figure out how to make your new business stand out from the pack. Don’t forget to survey each facility’s square footage and find out the maximum number of people legally allowed to occupy each hall at any given time. Draft a budget. Estimate your monthly expenses for rent or mortgage, util
Related Questions
- My company’s throwing an event at a local banquet hall and I’m the administrative assistant in charge of booking the corporate photographer – what should I be looking for when I make the hire?
- Can an individual or a professional / business group rent the hall for a business related event or activity such as a free seminar?
- Will Seawells allow other caterers to use their banquet hall?
