Seller's Contact Information
- RE: High-End Banquet & Event Centers - Ohio
- Contact: Michael Lohbeck
- License #: CBI
Quick Facts
Asking Price: | $5,978,024 | |
Annual Revenue: | $3,400,000 | |
Net Profit: | $661 | |
Cash Flow: | $661,000 | |
Total Debt: | Not Disclosed | |
FF&E: | 248,596 | |
Real Estate: | $4 | |
Year Established: | 1991 | |
Employees: | 50 | |
BBN Listing #: | 878862772 | |
Broker Reference #: | 04292201.1 |
Business Overview:
These Midwest Regional family-owned banquet and event centers have been operating in the Midwest area, since 1991. These venues have a high reservation history, over a year in advance for weddings, corporate events, community meetings and other local events. The banquet and event centers have a reputation for high-end products, reliable services and are fully staffed with 2 General Managers; 1 Controller; 4 Sales Representatives; 2 Executive Chefs and 40 part-time employees. These banquet & event centers are positioned for strong growth for the future in the current marketplace.
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Property Features and Assets:
**Real Estate being sold with the sale of the business
Market Competition and Expansion:
Key Strengths or Product Focus: -Consistently profitable, high-end event center business with tremendous upside potential -Established reputation includes long history of beautiful weddings and events, with repeat/referral business -Turnkey, affordable, consistently high-end product offering -Well staffed with management team in place -Financially stable -In-house training programs
Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- 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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