Reception Center

Not Disclosed, UT

Wasatch Front


Asking Price: Annual Revenue:
$750,000 $915,600

Food & Beverage: Catering, Food Preparation


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RE: Reception Center Broker: Elizabeth Bellit
Owner Financing is Available!
For a qualified buyer, some seller financing is negotiable on the sale of the business.

Quick Facts

Asking Price: $750,000
Annual Revenue: $915,600
Net Profit: $292,408
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $1,000,000
Real Estate: Not Disclosed
Year Established: 1996
Employees: 30
BBN Listing #: 68964931
Broker Reference #: Not Disclosed

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Business Overview:

For almost 25 years, this elegant facility has been hosting all kinds of events, from sit-down dinners to large open-house types of events, to more intimate 50-person gatherings. Weddings, personal, social and corporate events can take advantage of several spaces in the custom-designed facility, which includes dressing rooms, commercial kitchens, laundry and floral workspaces, a large parking lot and beautifully landscaped outdoor spaces.

The center’s catering services are mandatory for any on-site event and range from prime rib to simple savory hors d’oeuvres or sweet treats. All cuisine is prepared on-site, and the company also offers off-site catering services.

Invitations, tablecloths, flowers, wedding cakes, ice sculptures, and photography are also offered to make the planning and execution of each event turn-key. The center is well-known in the wedding and event industry as one of the premier centers in Utah because of 5-star customer service and the overall quality of all the services offered. The facility already has approximately 70 events booked in 2019.

The wedding industry is one of the continually growing business sectors, and even in times of economic slumps, revenues are fairly consistent. The company could continue to grow their off-site catering business – they have done up to four off-site events in a day.

The real estate – 1.74 acres -- is available for $3.5 million, and some seller financing on the business is negotiable for a qualified buyer. Business includes $1 million in FF&E.

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.

Property Features and Assets:

Approximately 11,800 square feet on 1.74 acres.

Reason for Selling:

Retirement

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.

Relevant Links:

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