About Banquet Hall Businesses

October 14, 2015 at 3:30 pm Leave a comment

gorgeous wedding chair and table setting for fine dining at outdoors

gorgeous wedding chair and table setting for fine dining at outdoors

Many couples seeking a reception venue for their wedding find banquet halls as a solution. Banquet halls offer distinctive locations that are leased for special occasions such as weddings, anniversaries, reunions, corporate events and other celebrations. Banquet hall businesses provide furnishings such as tables, chairs and linens and may assist with arrangements for catering and entertainment. They are an integral part of the ever-growing wedding industry. Read on to learn more about wedding reception hall business.

Research Banquet Facilities

Get started by researching local banquet facilities in your area. Find out and compare the various setups such as facility square footage, maximum number of people allowed, event packages, services and amenities. Think how you can make your banquet hall stand out from the competition and create a niche.

Create a Business Plan

Make a business plan for your banquet hall business, this helps with organizing your overall objectives, priorities and strategies. Elements of a sound business plan will include a statement of your business purpose, financial information, target market profile and inventory of asset resources.

Select a Location

Choose a building for your banquet hall business. Options include building, renting or purchasing. Ensure that your venue meets all requirements or regulations for food and alcohol services. If necessary, expect to remodel to meet needs.

Business Requirements

Select a business structure then register for all required business licenses from local to federal including such things as food service and alcohol permits, local and state business licenses and applying for an Employer ID Number (EIN).

Set Up Inventory

Ensure that your banquet hall offers a variety of tables and chairs, decorations, linens and china. Determine if you will lease or buy these necessities.

Hire Staff

Employ banquet staff including a manager, professional host and servers. Train all staff in preparation and service procedures. Provide each employee with coordinating attire to represent a professional appearance.

Establish Rates

Decide on the kinds of packages you would like to offer potential customers and price your rates competitively.

About Inspections

Anticipate routine inspections and make certain that you are prepared for impromptu visits from the health department and fire inspectors. Find out the specific stipulations to successfully pass inspections and ensure you meet the requirements.

Marketing Strategy­

Spread the word about your new banquet hall business by participating in bridal shows, networking, making business cards, joining the Chamber of Commerce, creating a website and maintaining a social media presence.

Exhibit at the Great Bridal Expo, the nation’s longest-running national bridal show — nearly 40 years in business featuring both national and local area businesses with the latest in wedding trends. Exhibit to meet with the couples, brides, friends, families and wedding planners who attend who are in need of your business’ product or service. The many benefits for exhibitors include high-quality venues, a comprehensive bridal show marketing plan, complete contact database, post-show advertising and the opportunity to present your business to the wedding market.

Request Exhibitor Information Here

 

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