Event Venue In Greater Sioux Falls Area
Not Disclosed, SD Not Disclosed
Greater Sioux Falls Area
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- RE: Event Venue In Greater Sioux Falls Area
- Contact: Josh Grode
Quick Facts
| Asking Price: | $170,000 | |
| Annual Revenue: | $227,110 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $106,728 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $60,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2017 | |
| Employees: | 3 | |
| BBN Listing #: | 951911 | |
| Broker Reference #: | 5401-18498 |
Business Overview:
Premier event facility in the Greater Sioux Falls area. This is one of the largest venues to host events of all kinds. The business chooses to focus on weddings. There is no on-site food preparation by the owners, but the venue has a good relationship with local restaurants and caterers. Events in 2024 and already booking into 2025 and beyond!
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Property Features and Assets:
Lovely facilities that are highly sought after include a very large reception area with private suites for brides and grooms. A prep kitchen is available for outside vendors as well as a full bar.
Assets = $92,500
Market Competition and Expansion:
There are a number of venues in the area. Few are larger than this property. This business separates themselves by the tailored and customized service they provide.
A bigger staff could accommodate larger, more elaborate events. Many weekday and off-season events could be added. Expanding add-on services and packages could increase margins. Drink prices are below market and could be raised to increase revenues. Bar minimums and rentals fees could be adjusted as they are currently competitive but slightly below market rates.
Reason for Selling:
Owner is relocating.Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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