Hot Listing

Historic Wedding Venue

Asking Price$200,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue$300,000

InventoryNot Disclosed

FF&E$80,000
Included in asking price
Real EstateNot Disclosed

1 of 2 Groom Suite Rooms
Front of House
Ceremony Space
Reception Space
Foyer
1 of 2 Bridal Suite Rooms
1 of 2 Groom Suite Rooms
Front of House
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Hot Listing

Historic Wedding Venue


Asking Price$200,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue$300,000

InventoryNot Disclosed

FF&E$80,000
Included in asking price
Real EstateNot Disclosed


Seller Financing Available
Business Description
This venue is a well-sought after wedding/event venue just outside of Raleigh, NC. This Historic home, wedding/event venue, is conveniently located in a bustling Downtown area, close to a few local bars, restaurants and lodging in the quaint town of Youngsville.

The property offers a beautifully landscaped outdoor ceremony area with artificial turf, spacious onsite getting ready suites, well thought out cocktail space on the ground floor, and a 3,200 SF reception patio, with canopy, to seat up to 200 guests. Clients love the beauty of this venue, as well as the layout of the property, which can comfortably host every aspect of their dream wedding/event! The property is not included in this sale. Leasing terms are negotiable. If interested in both, please visit our Loopnet listing for the purchase of the business and real estate.

This is a turn key establishment!

The current venue manager is available to continue working, as well as the 4 contract employees. The venue currently has over 30+ contracted events, with a guaranteed income of over $100,000 in the next two years. The current owner will continue working, without any additional compensation, until the current contracts are completed. He will serve as a mentor to help the new owners transition and take over the business to ensure continued success.

The venue comes fully furnished, with lounge sets, various decor, lawn games, cocktail tables, service tables, reception tables, ceremony/reception chairs, 40'x80' gable tent (1 year old), clear sidewalls, bistro lights, industrial fans, patio heaters, and much more! Property includes a building on site for storage as well.
About the Business
Years in Operation
5
Employees
5
Facilities & Assets
Number one example of Queen Anne Victorian style architecture in NC, built in 1898. All original heart pine floors, with ornate detail throughout the entire home. Roof replaced in 2018, brand new HVAC systems, and multiple gathering spaces indoor and out. Parking available onsite and on the surrounding streets.

Lease terms negotiable. Open to selling real estate as well.
Market Outlook / Competition
This venue is one of the towns highlights! It is a very unique setting with nothing similar close by.
Opportunities for Growth
Plenty of room to expand and offer more services! You have the option to get an ABC license and serve your own alcohol at events. This will drastically increase revenue!
About the Sale
Seller Motivation
My business partner/wife and I have seperated and we are having to sell.
Transition Support
Current owner will stay on temporarily to assist with a smooth transition (no compensation requested for this). He will make sure you are prepared to continue running a very successful business!
Financing Options
Open to any offer/structure to purchase
Listing Info
ID
2353124
Listing Views
2535
Attached DocumentsAttachment Disclaimer

Venue+Information+Packet-1-compressed.pdf


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Business Listed by: Brian Whitley

Listing ID: 2353124 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.