Davis County Reception Center

Not Disclosed, UT
Davis County


Asking Price: Annual Revenue:
$410,000 $580,420

Food & Beverage: Catering, Food Preparation


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RE: Davis County Reception Center Broker: Elizabeth Bellit
Owner Financing is Available!
Some seller financing is negotiable for a qualified buyer.

Quick Facts

Asking Price: $410,000
Annual Revenue: $580,420
Net Profit: $241,940
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $209,000
Real Estate: Not Disclosed
Year Established: 1974
Employees: 28
BBN Listing #: 75304931
Broker Reference #: Not Disclosed

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Business Overview:

This beautiful facility providing all the essentials for indoor and outdoor events -- wedding receptions, luncheons, anniversaries, birthdays, etc.

The 7,000 square foot center has a capacity of 600 guests. It is ADA compliant and is complete with bride’s room, groom’s room, family room, dining room, ballroom, parlor, greeting and sitting rooms plus beautifully landscaped outdoor areas and plenty of parking.

They offer a variety of event packages and they provide in-house catering from a fully equipped kitchen. Current deposits total approximately $31,000 and will fluctuate. Seller will retain a portion for acquiring the bookings and transfer the balance to buyer. The amount will be determined at time of sale.

The number of employees is determined by the season and is currently at 28 part time. The employees serve as hosts, caterers, servers, facility care, etc.

Owners retirement combined with health concerns is the reason for sale. Revenues in 2018 were slightly less than 2016 & 2017 due to the health issues. The property is available for an additional $2,390,000 -- the stated financial information does not include a rent or mortgage expense so the purchaser will need to factor in the negotiated rent or mortgage payments.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Approximately 7,000 square feet on 1.4 acres.

Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • 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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