Hot Listing

Scenic Destination, Venue & Catering Biz –Turnkey, SBA Financing Ready

Asking Price$2,000,000

Cash Flow
$763,272
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$3,320,307

InventoryNot Disclosed

FF&E$2,313,491
Included in asking price
Real EstateNot Disclosed

Wedding Special Event Venue Planning Catering Business For SaleSave
Hot Listing

Scenic Destination, Venue & Catering Biz –Turnkey, SBA Financing Ready


Asking Price$2,000,000

Cash Flow
$763,272
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$3,320,307

InventoryNot Disclosed

FF&E$2,313,491
Included in asking price
Real EstateNot Disclosed

Business Description
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.
About the Business
Facilities & Assets
Real Estate: The business operates out of a 13,000 sq. ft. two story building, located in a quaint busy historic downtown location. The facility includes multiple levels for hosting events, with capacity of 300+ in one and 150+ in the other. Real estate is not included in purchase price and is available for lease at fair market value.

Furniture, fixtures and equipment valued at $2.31MM is included in the purchase price. A list of assets will be provided during due diligence.

Inventory varies by season and depends on scheduled events.
Real Estate
Owned or Leased
Owned
Not included in asking price
About the Sale
Seller Motivation
The current owner wishes to retire and spend more time with their family.
Transition Support
Seller will provide training and transition after the sale upon mutually agreeable terms for a mutually agreeable period of time.
Listing Info
ID
2205077
Listing Views
5299

Contact Seller

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Business Listed by: Marie Albana Xgo Advisors

Listing ID: 2205077 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.