Turnkey Upscale Event Venue With Growth Opportunit

Houston, TX Harris County

Houston

Asking Price: $2,145,000

Annual Revenue: $615,810

Services: Rentals - Party, Equipment

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Turnkey Upscale Event Venue with Growth Opportunit

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RE: Turnkey Upscale Event Venue With Growth Opportunit
Contact: Jason Ward

Quick Facts

	Asking Price:	$2,145,000
	Annual Revenue:	$615,810
	Net Profit:	Not Disclosed
	Cash Flow:	Not Disclosed
	Total Debt:	Not Disclosed
	FF&E:	$165,000
	Real Estate:	$1,695,000
	Year Established:	Not Disclosed
	Employees:	5
	BBN Listing #:	936348
	Broker Reference #:	2321

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Business Overview:

Outstanding opportunity to enter the wedding venue business or add another location for existing venue owners! Located in Harris County, this well-established and upscale venue earns consistent 5-Star reviews year after year with annual awards from The Knot and Wedding Wire. With its great reputation and name recognition, the new owner will be acquiring a “turnkey” venue business that includes tables, chairs, an assortment of colorful linens, a wide selection of elegant centerpieces, uplighting and more.

With current bookings into 2024 and 2025, the new Owner will be credited with 100% of the deposits and payments received for events scheduled to take place after Closing Date. Everything is onsite making it easy to work with clients. All booking procedures are well established utilizing the latest booking software designed to address all venue operations. Located in a fantastic growth area, the ownership opportunity includes the real estate along with all furniture, fixtures, equipment and inventory. There is substantial potential for increased revenue and profitability by internalizing services that are presently outsourced, ideally suited for a hands-on owner looking to enhance growth. The current owners, residing out of the area and approaching retirement, have not fully capitalized on the business's growth potential.

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:

The main building is approximately 7,800 SF and is very well appointed with fashionable design features including a grand wrought iron spiral staircase, 2 large individual suites for the bride and groom, and a grand ballroom with a large dance floor.

Market Competition and Expansion:

While there are many event venues in Harris County, the event venue industry is expected to grow over the next several years.

Reason for Selling:

Retirement

Additional Details:

The property is owned.
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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