MARRIAGE PALACE (WEDDING HALL)

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Today’s younger generation parties whole heartedly. Why only youngsters, we all love having fun, frolicking and meeting with friends and relatives. Now-a-days business get-togethers are thrown to meet clients and also to increase sales and relation.
Also, with our country having a huge population has marriage functions and rituals are also performed in halls and banquets.
That brings us to the importance of venue. Banquet halls are obvious choice for such parties and ceremonial ceremonies. Whether it’s a birthday party, a formal party or a wedding reception, banquet halls are needed for almost all occasions.

That’s why opening a banquet hall can be a fruitful idea, owing to how much demand there is for one. In fully fletched wedding season, getting a booking for an appropriate banquet becomes the hard job. For this, a new hall would be preferred by everybody due to its new ambience.
New entrepreneur needs to find the suitable location and start his banquet hall business with profitable business plan.

Entrepreneurs need to decorate the hall elegantly. It should have sufficient space to hold small to large parties for around 300-500 people.
Air-conditioning facility is a must in all banquet halls now. The flooring and carpeting also has to be taken care of. For all these, sufficient amount of funding is required. Before anything else, funding for the project has to be ensured.

The wedding season is the most important for this industry. Your banquet hall needs to be able to provide all the prototypical requirements for a wedding reception. The larger the area of the hall, the better it is as you will be able to shelter more people in it. That also means more and frequent bookings. Nowadays, business parties and conferences are also held in such big banquet halls. If your hall can provide the requirements for such conferences as well, you will be assured of more business.

Unless you are a big player, you must start with small parties like birthdays and get-togethers and as with more experience, move on to the receptions and weddings with more ease.

 

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Description

INTRODUCTION
RECESSION-PROOF INDUSTRY
PROSPECTIVE OF WEDDING CEREMONIES
A GOLDEN BUSINESS
OVERVIEW OF INDIAN WEDDING INDUSTRY
THE WEDDING MARKET IN INDIA
THE PROSPERING ALLIED INDUSTRIES
PRESENTLY RUNNING MARRIAGE HALLS
ORGANISATIONAL ASPECTS IN MARRIAGE HALL
LOCATION:
SIZE AND NUMBER:
STAFF AND WORKERS:
SUPPLIERS OF EQUIPMENTS
KITCHEN & CATERING EQUIPMENTS

APPENDIX – A:

1.      COST OF PLANT ECONOMICS
2.      LAND & BUILDING
3.      PLANT AND MACHINERY
4.      FIXED CAPITAL INVESTMENT
5.      RAW MATERIAL
6.      SALARY AND WAGES
7.      UTILITIES AND OVERHEADS
8.      TOTAL WORKING CAPITAL
9.      COST OF PRODUCTION
10.      PROFITABILITY ANALYSIS
11.      BREAK EVEN POINT
12.      RESOURCES OF FINANCE
13.      INTEREST CHART
14.      DEPRECIATION CHART
15.      CASH FLOW STATEMENT
16.      PROJECTED BALANCE SHEET

Additional information

Plant Capacity

MARRIAGE PALACE (WEDDING HALL)

Land and Building

(10 Acres)

Plant & Machinery

Rs. 57.50 Lacs

Rate of Return

13%

Break Even Point

56%

profit on sales per year

Rs.6.30 Cr