Wedding and Event Venue - Est. 2019
Section, AL
| Asking Price: | $1,890,000 |
| Gross Revenue: | $358,000 |
| EBITDA: | $319,967 |
| Real Estate: | $1,800,000 |
| Cash Flow: | $133,340 |
| Inventory: | $90,000 |
| FF&E: | $90,000 |
| Established Year: | 2019 |
Listing ID: 2242028Listing provided by BizBuySell
BUSINESS DESCRIPTION
Profitable & Established Event Venue
An established wedding and event venue situated on a beautiful bluff in northeast Alabama is ready for new ownership. With 50 acres and approximately 10,000 square feet in additional structures, this property boasts multiple opportunities. This business hosts on average 50 events March-December months. The last wedding hosted in 2023 marked the 200th event for this business. This business has a well-respected reputation and is known for an upscale, unique atmosphere paired with excelling hospitality.
DETAILED INFORMATION
Location
Section, AL
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Building SF
10,000
Employees
1
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Custom built, luxury home on approximately 49 +/- acres! Overlooking the Tennessee River the home offers 4 bedrooms and 3.5 bathrooms. The main level offers amazing views of the rock work and surrounding mountains! The "rock home" is being sold furnished! A new roof to the “rock home” in June 2024. A 40x100 covered pavilion built in 2019 with bathrooms, food prep room, curtains and gas heaters is perfect for hosting all events! An additional heated/cooled 1100 sq ft building is great for guests! Endless opportunities with this property!
Competition
This business sets itself apart by the uniqueness associated. Nearby competition fits a different style but does have a similar price point with this business falling in the median price range within the area. Majority of clients booking their wedding are 30 minutes to 2 hours away.
Growth & Expansion
This property and business have multiple avenues for growth and expansion. The owners see a great opportunity with building cottages for additional lodging on site. Another avenue, if desired, would be to offer all-inclusive packages which would increase overall business margins directly.
Financing
Options regarding acreage and structures can be negotiable.
Support & Training
Current owners care for their clients and seek a smooth transition. Owners are willing to continue hands on for 4 months with an additional 2 month window of verbal consultation to aid transition of the property and clients.
Reason for Selling
The current owners have hearts for agriculture. With their growing, young family
Home-Based
This business is Home-Based
BUSINESS LOCATION
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