Price Reduced!!Turnkey Events Business at Restored Insta-Worthy Venue
| Asking Price: | $2,490,000 |
| Gross Revenue: | $3,320,307 |
| Cash Flow: | $763,272 |
| FF&E: | $2,313,491 |
This long-established business is a full-service event venue and catering facility. It is a perfect blend of contemporary design and natural elegance. Their facility showcases original floors, exposed beams and brick walls. It is surrounded by scenic destination and tourist locations. There are any number of hotels, restaurants and museums in easy walking distance. Its scenic geography lends itself to the perfect event venue. It is a perfect location for rehearsal dinners, wedding ceremonies and receptions, corporate and social events. Their incredible staff of seasoned Event Managers will walk your event seamlessly.
Key Services Provided:
• Venue
• Event Planning
• Weddings & Receptions
• Corporate and Social Events
• Catering In-house and Off-site
The business is fully staffed, including a General Manager, Operations Manager, an Executive Chef and 3 Event Managers. Aside from the seller, no employee turnover is expected as a result of the sale.
INVESTMENT CONSIDERATIONS
• Pre-Qualified for SBA Financing
• Strong historical financial performance, with post-COVID recovery.
• A large portion of the purchase can be allocated to hard assets.
• Historic well-established downtown historic location with plenty of charm, accommodations, and tourist destinations nearby.
• Excellent reputation with strong online presence and loyal word of mouth marketing channels.
• Great opportunity for a new owner operator or as a strategic add-on acquisition for a synergistic wedding planning, event venue, catering etc. business.
• Current owner willing to facilitate a smooth transition to new owners.
• Business carries the required beer, wine and liquor licenses for restaurant and catering.
