Business Overview:
This Whittier area special event center is known as the go to place for weddings, anniversaries, quinceaneras, bar mitzvahs, corporate meetings and even celebrations of life. The spacious facility is located on a 2+ acres property with 157 onsite parking spaces. The events center is comprised of a banquet room with occupancy for 523 patrons, a dining room that can accommodate 50-120 patrons (each with its own bar), a large meeting room as well as several additional event specific rooms such as a bridal suite with shower facilities, a linen room, sales office, cake room, break room, office and mezzanine level and underground storage areas. The facility also has a 2,400 square foot outdoor event tent, a mobile shipping container with a bar, as well a large lawn and gazebo area suitable for weddings.
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Property Features and Assets:
The 11,194 square foot property is located on a 95,086 square foot property, with nearly 24,000 square feet of additional outdoor and shipping container-based storage space available. While the Type 47 Liquor License and associated caterers permits will transfer in the sale, the landlord will reserve the right to purchase it back should the future tenant leave the facility. Similarly, usage of the necessary furniture, fixtures, and equipment will also be included in the sale, though their ownership may remain with the landlord. The site is permitted for live entertainment and dancing.
Market Competition and Expansion:
While competition exists in the greater area, this special events facility is located on the border of Los Angeles County, the San Gabriel Valley and North Orange County. As a result, the operators are able to market to and attract audiences from all three major population centers which provides ease of access convenient access and thus, a distinct competitive advantage.
Reason for Selling:
Personal
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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