what will i need to open a banquet hall?

Question

miami, fl

need info like kitchen supply sites ovens retherms fridge hoods or can i get away from this by catering with a sub contractor

Answer 1

First, I'd recommend working for an established banquet hall for a few months -- and steal all of their good ideas. It doesn't sound like you've had experience, and if you don't know what you're doing then the lessons you'll learn will be very very expensive.

Second, the first thing you need is enough cash to open the place, plus enough cash to live w/o income for a year, plus enough cash to keep the place going if you don't have any bookings for 1-2 months.

Third, depending on local laws, you could get away with contracting with one or more caterers. However, the markup in food is roughly 300%, meaning that you charge three times ingrediant costs for the meal. Why would you want to walk past that?

Fourth, you don't mention alcohol. Drinks are the profit lifeblood of a facility, but with that comes tons of hassles. You must get the license (always a problem), and then you must get insurance (just wait until you see this premium!), and then you can start worrying about the bar, etc.

Here's an idea -- find a good banquet hall manager who has experience in opening a facility and turning a profit with it (that last part is important). Partner with him/her -- you provide the money, they provide the sweat and brains, with each of you being shareholders in the venture?

Answer 2

I'm guessing a Banquet Hall...