Price Drop - Events And Catering Business
Not Disclosed, NC Not Disclosed
North Carolina
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- RE: Price Drop - Events And Catering Business
- Contact: Marie Albana
Quick Facts
| Asking Price: | $2,490,000 | |
| Annual Revenue: | $3,320,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $763,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $2,310,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 939888 | |
| Broker Reference #: | E-00009 |
Business Overview:
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.
Located in a beautiful facility centered in a quaint downtown tourist location with a plethora of options for food and accommodations.
Key Services Provided:
- Venue
- Event Planning
- Weddings & Receptions
- Corporate and Social Events
- Catering In-house and Off-site
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Property Features and Assets:
Furniture, fixtures and equipment are in excellent condition. FF&E valued at $2.31MM is included in the purchase price. A list of assets will be provided to qualified purchasers during due diligence.
Real Estate: The business operates out of a 13,000 square feet 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.
Market Competition and Expansion:
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.
Reason for Selling:
RetirementAdditional 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
Documents:
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