Event Center With Commercial And Residential Compl
Not Disclosed, TX Randall County
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- RE: Event Center With Commercial And Residential Compl
- Contact: Vanessa Bryer
Quick Facts
| Asking Price: | $1,200,000 | |
| Annual Revenue: | $76,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $52,800 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $20,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1986 | |
| Employees: | 1 | |
| BBN Listing #: | 1012198 | |
| Broker Reference #: | 76931-733754 |
Business Overview:
8200 sq ft building with an event center, eight offices, two 2/1 apartments (rent $875.00 x2), (1) 1/1-bedroom apartment ($700.00 x1) and two additional detached homes on 1.2 acre with an est. 250 ft of commercial highway frontage with access to two major highways.
The offices rent out for $750.00 per month and the other 1 is occupied by owner, additional one is vacant and the last office is $450.00. The owner is increasing rental amount on all offices 6/26.
The party room established as an event center in 1999 is a 2700 sq. ft. space with a 500 sq. ft. kitchen, 4 refrigerators, 2 microwaves, 1 stove, 3 compartment sinks and stainless-steel counter tops. Party room comes with 20-50" round tables and 6-6' rectangle tables, 200 chairs and hold up to capacity of 176 people and a parking lot for 87 vehicles. Rental time is normally from 10am-6am the next morning. 20 hours. Rates vary depend on day of use.
Building was built in 1986 with the roof updated in 2017. HVAC is a total of (2) 4-ton units for the main building and apartments and (2) 4 tons for the 2700 sq. ft for the event center. Apartments are equipped with washer/ dryer, dishwashers and ovens.
Main building is zoned for light retail and is made out of blend of wood trustees, steel R paneling and brick on front and ends.
The two homes that are detached of the building sit on the south side of the property. One home is 650sq.ft and is rented for $575.00 per month. The other home is 830 sq. ft and has been recently remodeled with 50k and is rented out for $925.00 per month.
All units have been rented and has a 92% occupancy rate. Per owner the office(s) rate needs to increase.
Contact the Seller:
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Reason for Selling:
retire. Kindly ask the seller for more information.
Additional 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
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