Premiere Event Venue

Not Disclosed, TX
Harris County

Harris County

Asking Price: Annual Revenue:
$750,000 $406,121

Services: Rentals - Party, Equipment

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RE: Premiere Event Venue Broker: Steve Herrera

Quick Facts

Asking Price: $750,000
Annual Revenue: $406,121
Net Profit: Not Disclosed
Cash Flow: $173,653
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2019
Employees: 12
BBN Listing #: 9494955
Broker Reference #: 6211-17135

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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.

$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 a homebased business opportunity.
  • This is not a franchise resale opportunity.

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