Business For Sale

89008-KA Exquisite Celebration Venue in Richmond

Richmond, VA
Richmond City County


Asking Price: Annual Revenue:
$75,000 $75,000

Services: Non-classifiable


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RE: 89008-KA Exquisite Celebration Venue in Richmond Broker: Kent Adams
Owner Financing is Available!
$35,000.00

Quick Facts

Asking Price: $75,000
Annual Revenue: $75,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $40,000
Real Estate: Not Disclosed
Year Established: 2014
Employees: Not Disclosed
BBN Listing #: 838143891
Broker Reference #: 9525-89008

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Business Overview:

The venue is a newly renovated and conveniently located in the heart of the historic downtown Richmond. The bi-level venue features a magnolia-lined patio and 3 connected dining rooms on the walk-in floor. And downstairs, is a 200-seat ballroom, with adjacent bride and groom suites. Large kitchen area suited for catering.

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Property Features and Assets:

Started in 2014 and managed by current owner for 3 years. Year over year growth for weddings and private dining.

Market Competition and Expansion:

No other historic venue in this area of the city. They are currently only doing 25 weddings per year. With aggressive marketing, could do 50+ annually. There is a tremendous opportunity for business lunches, private dining, office parties, etc. Showing Comments Call Broker Potential Growth Increased marketing will double the number of weddings and other events to fill unused capacity.

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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