Adding onto or rearranging your restaurant to make way for an event banquet room doesn't seem like the most cost-effective solution to your restaurant's needs, but it can actually be quite beneficial in more ways than one. Your restaurant will benefit from having an event banquet room even if the costs appear to put your establishment behind at first.
On the fence about adding a banquet room to your restaurant or turning some of your tables into a private banquet space? Here are ways the benefits outweigh the costs.
You Increase Your Clientele
When you add to your restaurant via adding a banquet room, you serve the normal patrons you always have without interruption. There is nothing to gain or lose in this direction. What you gain, however, is the new clientele, clientele that would otherwise look elsewhere to host large events like wedding dinners, family reunions, business celebrations, or other private events.
If you think the costs will be hard to recoup, consider this: the average banquet hall charges around $1,200 and this might not even cover the cost of food and beverages for the party involved. As a bonus, you get to add catering services to your list of offerings for your patrons when you add an event banquet room to your business.
You Spend Less on the Renovation Than You Think
If you are at full capacity nearly every night in your restaurant, that's great — simply add to your restaurant to fit in a large section of tables, and create a private entry to this side of the restaurant for banquet room entry. You can even add a bit to the parking lot to accommodate the larger parties.
If you aren't at full capacity every night, then this can work in your favor when adding an event banquet room. Reserve a back section of your restaurant to turn into a banquet room and you can just add a few doors to make the space more private for parties.
If you add a banquet room to your restaurant, some benefits are that the room can still be used for regular patron seating when not being used as banquet seating, and the renovation costs don't have to be expensive. These costs can be largely controlled if you just do minor renovations to make your event banquet room a reality in your restaurant.
You can stand out among other restaurants in your area by adding this special event room. Your banquet room can be a large conference-style room or just a small conversion of an existing space.