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Waterfront Venue For Sale

Harris County, TX

Seller Financing Available

Asking Price:$6,400,000
Gross Revenue:$1,750,000
FF&E:$250,000
Established Year:2015
Cash Flow:$500,000
Inventory:$25,000
Real Estate:$5,000,000
Listing ID: 2282014Listing provided by BizBuySell
BUSINESS DESCRIPTION

Owner Retiring- Turnkey Waterfront Venue Opportunity

Top Waterfront Wedding and Events Venue in Houston, TX! The business is thriving and has a fully booked calendar over a year. The owner is also offering the neighboring airbnb for sale as well which offers lodging to over 30 guests. This property is offered at $2.7m on HAR (see attached). Contact agent for more information.

ATTACHED DOCUMENTS
3821 NASA- one page.pdf.pdf Download
DETAILED INFORMATION
Location
Harris County, TX
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Building SF
8,408
Employees
5
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
All FF&E is included in sale. Inventory includes (but is not limited to): 72" round guest tables, 8 ft long guest tables/ serving tables, cocktail tables, ghost chivari guest chairs, grey padded garden ceremony chairs, china, silver & stem ware, ice makers, refrigerators, bar equipment, current liquor inventory, office furniture, linens, greenery wall, photo booth, side kitchen w equipment, 4 storage buildings w/inventory, patio furniture & lawn games, digital LED sign w/ NASA frontage, linens, dish washer, and more.
Competition
Waters Edge is competitive with the top event venues and offers an unmatched water view. It is a highly sought after venue and hosts clients from all over the world. The property was appraised at $4.7 million in 2020 prior to major renovations which added square footage to the venue, outdoor seating areas, and a fully equipped commercial kitchen. In addition to these major additions and improvements the area has grown significantly in the past year. The appraised value will have increased significantly since the last appraisal in 2020.
Growth & Expansion
The business is thriving but has the opportunity for further growth through other revenue streams and event packages. Nextdoor there is an airbnb which sleeps 30 guests and works in partnership with the venue to provide clients with a option to stay next door. This property can be bought with the venue. https://www.har.com/homedetail/3821-nasa-rd-1-seabrook-tx-77586/3021085?lid=9119282&cid=rnnewtonu
Financing
Owner financing available with large down payment.
Support & Training
The business will be sold with property and current staff will stay on board to keep business running smoothly. The venue director manages the business and will stay on staff once salary arrangements are negotiated with new owner.
Reason for Selling
Owner is retiring from business.
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Rachel Newton
Phone Number
Rachel Newton
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