Upscale Events Venue

Philadelphia, PA
Philadelphia County

Asking Price: Annual Revenue:
$675,000 $1,309,907

Recreation: Entertainment

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RE: Upscale Events Venue Broker: Jeff MacAdam
Owner Financing is Available!
In addition to SBA, some seller financing is available.

Quick Facts

Asking Price: $675,000
Annual Revenue: $1,309,907
Net Profit: Not Disclosed
Cash Flow: $253,360
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $1,425,000
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 163410414
Broker Reference #: ballroom

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Business Overview:

A well-established and profitable, upscale events venue with a liquor license in Philadelphia, PA is for sale. This award-winning business hosts weddings, social functions, and corporate events from its 13,000+ square foot premises. The venue has been meticulously maintained and improved over the years, providing an elegant and updated feel for its customers. The business generates a consistent and predictable income stream with a steady demand from its customer base. Future bookings tally between approximately $600,000 and $750,000 at any given point, which a new owner would inherit before having made one sale. The current owner works 25 to 30 hours per week on average. Unlike most small businesses, this an ideal opportunity for someone that does not want to be completely tied down by the business they buy.

This opportunity has been prequalified for a Small Business Administration (“SBA”) bank loan. The total sale price of $2,100,000 for the business and real estate can be financed with a $128,000 cash down payment. Based on historical data, a new owner would generate an annual net income of approximately $194,000 after making principal and interest payments to the bank. The loan amount includes bank closing costs and working capital.

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.

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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