Great site, am getting in to the banquet and event hall establishment and I will need some tips. Fist of all I will like to LEASE THE BUILDING is it a good idea? And that how much running CAPITAL do I need? What are some of the tips I will need?
Thanks.

Hi, edwardnefth!

The first thing that you'll need to have is a business plan. It would appear that's what you're trying to develop by the questions that you're asking.

There are a number of sites where how to develop a business plan for a banquet or reception hall are addressed. Listed below, are some of them.

How to Open a Reception Hall | eHow.com (http://www.ehow.com/how_2154665_open-reception-hall.html)

https://www.askmehelpdesk.com/business-plans/banquet-hall-business-plan-149350.html

Want to Start a Banquet Hall Business? A Brief Banquet Hall Business Checklist (http://www.banquethalls.com/banquet-hall-business.asp)

Weddings: opening a reception/banquet hall, wedding consulting, labor expense (http://en.allexperts.com/q/Weddings-1546/opening-reception-banquet-hall.htm)

How to Open a Reception Hall | Answerbag (http://www.answerbag.com/how-to-succeed-business-without-really-trying-movie/article_open-reception-hall/bb67dde5-eec0-452d-aa58-7e2582f3e391)

How to Open a Banquet Facility | eHow.com (http://www.ehow.com/how_5008205_open-banquet-facility.html)

Tips on Opening your own Banquet Hall (http://www.articleclick.com/Article/Tips-on-Opening-your-own-Banquet-Hall/935965)

Thanks!

Like Clough said, you'll need a business plan.

A business plan will include costs for the building, wages, everything.

You asked how much capital you'll need, we don't know. It depends on where you live, what type of building you're looking at, how much staff you plan to hire, etc. etc.

It will be a lot of work, but then so will running a business.

Good luck.