Seller's Contact Information
- RE: Premiere Event Venue
- Contact: Steve Herrera
Quick Facts
Asking Price: | $471,138 | |
Annual Revenue: | $451,311 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $239,258 | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | 2019 | |
Employees: | 12 | |
BBN Listing #: | 9494955 | |
Broker Reference #: | 6211-17135 |
Business Overview:
Stunning Event Venue. Great location in central Houston with Modern design makes this venue perfect for cocktail parties, offsite meetings, birthdays and small weddings. Assumable lease that's well below current market rates.
Business currently operates only 2 to 3 days per week, so plenty of room for Growth. 2021 was first full year. Great ratings and reputation have 2022 pacing ahead of previous year. All employees are contractors.
This space can be easily transformed into a restaurant, bar, lounge or speakeasy. $750K in leasehold improvements would cost much more to build in today's market with a much higher lease. Established model of operation. Many events already booked for 2022. Buyer will assume deposits on booked events. The heavy lifting has been done!
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Property Features and Assets:
Leased. 3,250 sq ft stand alone facility. Assets = $750,000
Market Competition and Expansion:
Currently operating only 2 to 3 days per week. Lots of opportunity for Growth.
Reason for Selling:
To focus time on another business.
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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