Seller's Contact Information
- RE: Unique And Profitable Wedding Venue 32 Acres
- Contact: Katie Holditch
Quick Facts
| Asking Price: | $550,000 | |
| Annual Revenue: | $258,171 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $145,028 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $75,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2021 | |
| Employees: | 1 | |
| BBN Listing #: | 712844107 | |
| Broker Reference #: | 76931-519985 |
Business Overview:
TRANSWORLD BUSINESS ADVISORS OF HOUSTON. LISTING REF #76931-519985
BUSINESS ASKING PRICE: $550,000
REAL ESTATE ASKING PRICE: $900,000
TOTAL COMBINED SALES PRICE: $1,450,000
**Vetted Lender on Board**
RECENT IMPROVEMENTS TO THE PROPERTY INCLUDE:
* Groom's Cabin
* New Reception Deck Connected to Tipis
* Updated Driveway
* Tipi Canvases Replaced, April 2023
* New Permanent Doors Installed on the Tipis
TOTAL IMPROVEMENTS VALUED AT ~$500,000
As part of the sale, the buyer will get credit for 90% of the current event deposits on the books!
2022 SDE = $145,000
On land purchased in 2019, the sellers built a beautiful and unique wedding venue that involved developing approximately 8 acres of the 32 acres where the venue is situated just north of the Houston area. There is a stunning party and reception area under the canopy of three custom tents that were shipped over from Europe. The reception area has approximately 1,500 square feet of air-conditioned yet open space with beautiful twinkling lights, custom wood flooring, and hand-crafted wooden walkways connecting the different areas and buildings on site. Included in the purchase of this business are all the tables, chairs, benches, and specialty woodwork. There is also a separate ceremony area that highlights the serene and gorgeous natural landscape. The current owners installed roadways and the parking lot for venue guests. They also built a custom bridal suite that allows the bride and her party to get ready on site. The bridal suite also serves as an overnight honeymoon suite that is included for the new bride and groom after their wedding.
In addition to the beautifully decorated bridal cabin, there is a home on site that matches the aesthetic of the bridal cabin. The current owners live on site, and any buyer could do the same. If a buyer chose not to live on site, this additional home could be used for wedding guests or an on-site manager. A buyer could even put this structure on Airbnb to earn some extra income! Each cabin on the property was built for approximately $75,000, however, they're easily worth double that amount for each since the current owner built them himself. There are two custom-bathroom buildings with full air conditioning that are worlds above most bathrooms at outdoor venues. The aesthetic matches the two other cabins. Also currently under construction is a groom’s building. The possibilities are truly endless when it comes to adding more rentable and bookable cabins either for the wedding parties or outside guests when no wedding is booked.
The total construction and build-out of this incredible property and venue cost upwards of $500,000. The year 2021 was the first full year in business, and the facility was booked and utilized to the tune of $260,000. Considering that the owners paid for a contract salesperson to advertise and book the venue, a buyer working as an owner/operator would have had an SDE over $134,000 even in that first year. The profitability looks to be even better this year and for the coming years, especially if a new owner lives on-site. The sellers built this beautiful property and profitable business from the ground up, and they are simply ready to move on to a new challenge.
The 32 acre parcel of land is to be sold in conjunction with the business for a total sale price of $1,450,000. With the current growth in the southeast Texas area and Houston itself, the value of the property will continue to increase.
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Property Features and Assets:
Facilities:Wedding venue on 32 acres just north of Houston. 7-8 acres are developed.
Market Competition and Expansion:
The potential for the growth of this business is only limited by the number of days in the week. There is ample potential to grow the wedding side of the business as well as the destination/Airbnb side of the business. The latter isn't even necessary if the wedding business grows to its full potential, but why not make the property multi use? With an investment in additional advertising and being proactive and enthusiastic with sales and bookings, any new owner could have the venue’s calendar booked for months in advance. There are bridal shows and open house events that any buyer could dive into as the new owner. There are collaborations and relationships that can be built with other local vendors as well. There is even the opportunity to expand the venue by constructing new buildings for overnight rental by the bridal party and guests or even expanding the reception area.
Reason for Selling:
Other interests.
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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