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Do people rent reception halls by the hour or by a day rate, and if so what is the cost?
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.
It’s the first step to assessing your entire approach.
How many reception halls are available where you want to open?
Parking is free on the Maili banquet hall premises and on the street or nearby park.
Rates are based on actual entry and exit times and any preparations needed for your event is as early as your entry time.
With access to a state of the art full kitchen, you can bring in your own caterer or even prepare your own meals making it friendly to your budget.
Maili Banquet Hall is the perfect hall rental to host your own event including birthday parties, reunions, private luncheon and business meetings and Waianae Graduations to name a few!
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.