CHARLOTTE, North Carolina
| Asking Price |
$1,775,000 |
Year Established |
2011 |
|
| Annual Revenue |
$270,000 |
Reason for Selling |
Focusing on other businesses, family. |
|
| Annual P/L |
|
Attention |
Bill Law |
|
| Annual Cash Flow |
$130,000 |
Listing Number |
1020376 |
|
| # of Employees |
2 |
Business Category |
Recreation: Entertainment |
|
Business Overview:
This is a rare chance to buy an established, fully built-out wedding and event venue together with the building it occupies. The venue is in a revitalized downtown district a short drive west of Charlotte and has served couples across the metro for more than a decade.
The building has a dedicated ceremony space and a separate reception hall, each seating up to 150 guests, plus private bridal and groom suites. Draped ceilings, crystal chandeliers, and a polished finish mean a buyer avoids the cost, permitting, and time of converting a raw commercial building. Public parking is adjacent, and hotels are minutes away.
The venue can host one event per day and can accommodate different types of events in addition to weddings such as corporate or social gatherings. Currently each event has exclusive use of the property for a 12-hour rental window. Packages are all-inclusive: tables, linens, Chiavari seating, uplighting, décor, and full setup, breakdown, and cleanup are all part of the rental. Catering and bar packages are offered on-site, so couples can book nearly everything in one place.
Highlights:
- Business and real estate offered together
- More than 10 years of brand history, strong reviews, and an active social media presence
- All-inclusive packaging that drives a high per-event spend
- Gross margins above 95%
- On premise liquor license
- Turnkey FF&E and décor inventory included
- Systems in place: online quoting, QuickBooks invoicing and ACH payments, a documented booking process, and a preferred-vendor network
Property Features and Assets:
Please note this is a package deal as the seller wishes to sell the business and real estate together.
Market Competition and Expansion:
- Most weekday dates are open. Corporate events, showers, galas, reunions, and celebrations of life could fill Monday through Thursday.
- Recent marketing investment and long-standing history gives a buyer a base to build on with targeted wedding-platform and social advertising.
- Coordination, rehearsal, and premium bar packages offer room for upsells.
- A hands-on owner-operator could reduce outside labor costs.
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