Event Management & Catering in Unique Facility

Not Disclosed, IN

Asking Price: Annual Revenue:
$1,550,000 $933,300

Services: Non-classifiable

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RE: Event Management & Catering in Unique Facility Broker: Len Janssen

Quick Facts

Asking Price: $1,550,000
Annual Revenue: $933,300
Net Profit: Not Disclosed
Cash Flow: $387,100
Total Debt: Not Disclosed
FF&E: $246,200
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 233641635
Broker Reference #: 3953-473336

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Business Overview:

The Company provides Event management and catering in a unique facility constructed in 1875 in a very active urban setting. The majority of scheduled events are weddings. The facility was purchased by the current owner in 2011 and converted to a banquet facility. The next owner of the Company will be able to leverage a proven team and business model to pursue a wide range of compelling growth strategies including aggressively pursuing non-wedding events, booking multiple events per day and more actively upselling other services.

Positives include:
Growing Revenue and Profitability History
Unique Attractive Facility
Great Geographic Location
Large Unused Capacity

Note: Price will be reduced by prepayments on future weddings at the closing. Prepayments at 12/31/2017 were $215,000

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Property Features and Assets:

Location and Former Building Use has led to tremendous growth in the current business model. Truly a Beautiful Business and Property

Market Competition and Expansion:

Little competition in the geographic area. Current location will support much growth

Reason for Selling:

Other interests.

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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