Sold - Established Conference Center

Denver metro, CO
Denver County

Asking Price: Annual Revenue:
$375,000 $1,072,147

Services: Business & Office Services

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RE: Sold - Established Conference Center Broker: Erik Porter

Quick Facts

Asking Price: $375,000
Annual Revenue: $1,072,147
Net Profit: Not Disclosed
Cash Flow: $262,000
Total Debt: Not Disclosed
FF&E: $36,757
Real Estate: Not Disclosed
Year Established: 1999
Employees: 18
BBN Listing #: 3389708
Broker Reference #: 5342

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Business Overview:

Established in 1999, this business serves two distinct markets: Corporate/Government and Social Events. The Corporate/Government segment provides approximately 76% of revenues from a highly diversified, recurring customer base, typically Monday through Friday. The Company offers an attractive, affordable option to customers that do not require sleeping rooms since hotels usually prefer customers that need sleeping rooms. The Social Events market includes wedding receptions and other social events most often on weekends. The venue can accommodate up to 420 guests and can be subdivided into as many as 6 rooms for smaller events. The Company is noted for superior customer service, with highly customizable and affordable offerings. The business’ location is convenient, located less than one minute from a major metropolitan area highway. Currently only outside catering is utilized. Key staff members have been with current owners for 5+ years.

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Reason for Selling:

Pursue other opportunities.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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