Seller's Contact Information
- RE: Recognizable Special Event Company
- Contact: Michelle Seiler Tucker
Quick Facts
Asking Price: | $2,495,000 | |
Annual Revenue: | Not Disclosed | |
Net Profit: | Not Disclosed | |
Cash Flow: | Not Disclosed | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | $2 | |
Year Established: | 1970 | |
Employees: | 15 | |
BBN Listing #: | 339853282 | |
Broker Reference #: | 6621 |
Business Overview:
This special events business and venue are truly one of a kind! This company can host any event from weddings to corporate events and holidays with high-class elegance. Along with hosting events, the company provides award-winning decadent catering to its guests. Located in a highly sought-after area, this venue has stunned its guests with its magnificent architecture and décor for many years. Don’t miss out on owning a piece of New Orleans history!
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Property Features and Assets:
The improvements are in good condition and include 9,000 square feet.
Market Competition and Expansion:
The company separates itself from the competition by offering an elegant experience at a reasonable price all while keeping a enthusiastic and family-like environment. The U.S. wedding services industry has grown by .3% over the past five years to reach a revenue of 76 billion. Additionally, revenue is expected to increase by 1.9% in 2019. Couples are spending a record amount of money on their weddings. In 2017, a wedding typically cost couples about $27,000, but in 2018, that number increased drastically to more than $44,000. Increasing expenditures for those who marry are forecasted to continue supporting the revenue growth of wedding services for years to come, making the wedding services industry a very lucrative opportunity. The company has huge potential for expansion. A new owner may choose to hire a salesperson to increase sales. Other opportunities for expansion are joining as many associations as possible.
Reason for Selling:
The Owner is retiring.
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
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