MergerPlace

Wedding and Event Venue

Texas


  • Asking Price: $1,595,000
  • Gross Income: $351,608
  • Cash Flow: $228,622
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $21,400
  • Listing ID: #216330
  • Established: 2016
  • Employees: 1 FT/ 0 PT

Business Description

This stylish event venue has been providing an exceptional event service since March of 2016. The owners had a vision for building a wedding & event center shortly after planning their daughter’s wedding. In looking at numerous venues, they discovered a need for a facility with a specific design and an unique approach. After nearly two years of searching for the perfect location and meticulously planning the details, the venue was created. It was important to them to create a easily managed and versatile venue where the host can do as little or as much as they want to make it their own. A large number of events have been held on its stunning grounds, with bookings scheduled into 2020. Ideally suited for an ambitious buyer who is passionate about maintaining the current quality and reputation, while enhancing the venue sector to take it to the next level of profitability.

The venue currently offers Features and Amenities for events that include:

Facility manager available the day of event
Ample parking
Prep kitchen for catering
Large reception hall
Portable Bar
2,400 sq ft wrap around porch for socializing
Landscaped courtyard
Drive through, covered Porte Cochere
Indoor/Outdoor chairs (300)
Reception tables
Quality sound system
Setup and Cleanup
Bridal Suite with Bathroom & Groom's Room


Business Details

Primary Business Category: Real Estate and Rental and Leasing
Location: Texas

Company Information

Year Established: 2016
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 1 FT/ 0 PT

Financial Information

Asking Price: $1,595,000
Gross Revenue: $351,608
Cash Flow: $228,622
FF&E: $21,400
Seller Financing Available: Yes

Property Information

Facilities:

Event Center is 7,150 SF Owner/Manager Barndominium adjacent to event center is 1,561 SF with a 240 SF Garage (as per CAD) Buildings sit on 10 Acres of Land

Growth & expansion opportunities:

A new owner could offer more inclusive services, provide coordination services for events and catering services. Add floral, photography, hair styling, makeup and event decorating and rental services. The current owner books events using a 300 guest capacity however; new ownership could expand this to the 400 allowed by city fire ordinance. Acreage offers more opportunities for business growth as well.

Competition:

Eberley Brooks- Wolfforth Cotton Creek- New Home Horseshoe Knot- Lubbock

Reason for selling:

Owner is moving closer to elderly parents that are not in good health.

Support & Training:

Will train for 2 weeks @ no cost. Services include hosting weddings, proms, school & business banquets, business workshops, church events, fundraisers, reunions, team building events, baby showers, wedding showers, birthday & anniversary parties.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

David Powell

Murphy Business Brokers