See Similar Listings

Unique Wedding Venue

Algoma, WI
Beautiful Night for a Wedding!
Beautiful Night for a Wedding!
Asking Price:$1,650,000
Established Year:2018
Real Estate:$750,000
Listing ID: 2119906Listing provided by BizBuySell
BUSINESS DESCRIPTION

Door County Charm at its Finest!

The Grain Loft Event Venue is a rare turn key opportunity for those looking to be a part of the popular fast growing wedding industry. Located just minutes South of Door County in the heart of historic Algoma. With exposed duct work, barn wood beams, soaring ceiling heights and cement floors, it's the perfect combination of industrial and rustic. Massive windows overlook private gardens unlike any other and voted one of the top breathtaking venues located along Lake Michigan.

The Grain Loft is the perfect destination to create an unforgettable and unique experience for your guests. Our industrial loft building is nested on 15 acres and includes several outdoor cottages which provide endless opportunities of customization, such as, an outdoor beer garden and more. Our bathrooms are newly remodeled and our second level includes a private suite made just for our brides!

With a positive 5 year track record and liquor license in place, The Grain Loft has a strong market awareness and brand presence already established with the venue and name recognition.

DETAILED INFORMATION
Location
Algoma, WI
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Building SF
4,000
Employees
12
Facilities
Turn key building with extensive landscaping grounds, waterfall, pond, 3 cottages. Landscaping mowers/equipment included with 2 new sheds. On site living travel trailer included, 30'x30' custom event tent and 200 white resin chairs for outdoor weddings also incuded. Parking on site, indoor and outdoor restroom facilities, extensive concrete patio and composite chairs w/ fireplace included and numerous up lights and wedding string lights. All signage included, POS system, resin tables & chairs, generator, Bar coolers, storage, supplies, glassware.
Competition
Prime location, Perfect for local or destination Weddings, concerts, parties, etc. Weddings are a 4 billion dollar a year industry and this is a rare building/ location formally an art gallery that is now perfectly suited for a wedding venue. With custom made Liquor packages and catering options guests can create there special day without breaking the bank or their budgets.
Growth & Expansion
Several growth opportunities exist as currently the venue is only operated as a 6 month venue, and can easily be run as year around venue, doubling revenue. Other options perfectly suited for the ground consist of music events and farmers markets just for starters. Other perfect opportunity to provide all catering on site and space to build out kitchen/ capture food revenue. All bar revenue is captured through The Grain Loft.
Financing
Buyer must have own private financing.. $475k sales is 6 mo. seasonal operation.
Support & Training
Owner assisted hands on training 1-3 months. Dedicated staff/manager on site.
Reason for Selling
Downsizing other business ventures.
BUSINESS LOCATION
Report an Issue with this listing
David Vecellio
Phone Number
David Vecellio
Call Phone