Banquet Hall Business Plan

Find out the population of your market and the median age – if, for instance, there are lots of families then you know any event center you open will host a lot of children’s parties for things like birthdays and graduations, which can project how busy it will be.These are the sorts of numbers you need for your business plan.Nicky is a business writer with nearly two decades of hands-on and publishing experience.

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Any kitchen needs to fit all the equipment like commercial dishwashing machines, a cooktop with multiple burners and at least two ovens.

There also needs to be a room for storage of all cooking and baking supplies as well as a place to store presentation platters and all the utensils, dinnerware, cups and glasses.

This is where you draft a budget for your reception hall business in its entirety.

Outline the monthly rent or mortgage, taxes, insurance, equipment purchases and maintenance, estimated monthly utilities and any other provisions. – that overhead should be accounted for in your plan.

The size of venue you lease or rent can vary in size by thousands of square feet but it is best to find one that fits 400-to-500 guests, which means a venue of around 6,000 square feet is optimal.

However, if the area where you want to open a reception hall isn’t as populated or from your research does not seem to host parties that large, then a venue of 4,000 square feet is fine. If you wish to offer catering on-site, a fully functioning kitchen will take up 40 percent of your building’s square footage according to Total Food Service.

The reason you must contact your reception hall’s city and state officials is that the laws regarding what is required vary greatly from place-to-place and are subject to changes, so finding out what you need means you also find out how to stay up-to-date on regulation fluctuations. This number and certification are assigned by your local fire department and it states the maximum number of people allowed in your venue at any given time.

This is to keep within the safety laws of your city’s fire code.

Many event venues allow for a temporary barrier to be erected between rooms.

This allows for, say, a retirement party to go on at the same time as the bar mitzvah next to it.

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