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- RE: The Perfect Event Space For Every Occasion
- Contact: Jason Blair
Quick Facts
Asking Price: | $288,000 | |
Annual Revenue: | $677,800 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $123,837 | |
Total Debt: | Not Disclosed | |
FF&E: | 51,655 | |
Real Estate: | Not Disclosed | |
Year Established: | 2104 | |
Employees: | 8 | |
BBN Listing #: | 39052348 | |
Broker Reference #: | 59071-772921 |
Business Overview:
Awesome event space in a unique vintage property that provides an ideal setting to accommodate a wide range in size and type of event including corporate parties, weddings, birthday parties, social and public events etc. Excellent location in a popular Portland neighborhood conveniently situated next to a wide variety of restaurants and bars. Whether you're looking for an elegant wedding ceremony, formal seated dinner, birthday dance party or any other type of event, this versatile space can accommodate it all. The valuation for this business is based on a two-year weighted average excluding pandemic years.This event space has been hosting unforgettable events for the past ten years, and pride themselves on being a unique and charming venue that sets the stage for a one-of-a-kind experience. The space spans approximately 3,000 square feet, including a private patio, commercial kitchen, bar, main room, and the reserve. Whether you're hosting a cocktail-style event for 125 with limited seating or a seated meal service in the main room. Over the years they have been recognized by industry experts and peers as the best intimate wedding venue, best new vendor, and best rehearsal dinner venue.
There are various event venue spaces in the Portland market that compete with this business. Their setting, and location combine to enhance the experience they can offer which helps to set them from apart from their competition.
Now that the presence of COVID has decreased events are increasing and there is a demand for hybrid events that allow for the inclusion of offline and virtual features to enhance event experiences. The business may also accelerate growth through further development of a multi-pronged marketing plan targeting various market segments.
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Reason for Selling:
Moving on.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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