Wedding Venue in a Castle

Charlotte, NC (Mecklenburg County)

Seller Financing Available
wedding castle / Venue for Sale

Asking Price:$2,250,000

Cash Flow:$121,250

Gross Revenue:$220,000

EBITDA:$121,250

FF&E:N/A

Inventory:N/A

Real Estate:$2,999,000

Established:2014

Wedding Venue in a Castle

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Business Description

Wedding Venue in a Castle

This estate / castle operates as a world class wedding venue offering an eloquent and spacious venue for weddings and other events. Guests are treated with perfectly detailed accommodations for the day, brilliantly displayed in a European style estate. New owners could live-in as a primary residence, or operate it remotely.

A very spacious and warm bridal quarter gives the entire bridal party a fairy-tale setting to their special day. Guests have access to the whole first floor while the owners still have plenty of space to get away if necessary upstairs.

Groomsman have their very own section of the estate that is completely separated from the bridal party. While the groom has his own individual quarters, the groomsman can gather and prep upstairs in an 800+ square foot chamber.

Detailed Information

Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
N/A
Employees:
0
Facilities:
Over 10,000 SF under roof, and genuinely qualified as a castle. With solid 10" walls, 5,600 lb trusses, and a concrete roof, this castle is build to last. A true life-time roof and special techniques, procedures and resources to ensure that this estate exceeded all standard building practices. It has been featured in at least 6 major architectural publications, many of them comparing the construction quality to the Biltmore Estate. Attention to detail was maintained, literally, from the ground up. Four fire places (3 of them gas/wood), spacious living areas, pool, and hospital grade air handling system, just gets us started. You must see this place, and learn about it's building characteristics. Current owners live primarily upstairs while using the lower floor for wedding venues. New owner could continue to live on site or rent out the rest as B&B or wedding guests. (Home Based)
Competition:
Other wedding venues in the area are charging higher fees. Currently this venue is pricing their services in order to grow business. New owner could continue to offer sub-market prices for premier services, or raise their prices to a more market base.
Growth & Expansion:
1. Raise prices to more of a market base. 2. Market. Current owner does very little marketing. 3. Natural growth. Business is only two years old and growing faster than the norm for wedding venues. Natural growth is predicted to exceed 58% this year over last.
Financing:
up to 25% financing available for qualified buyers depending on offer
Support & Training:
All caterers and wedding planners are of the highest quality, and are capable of running events almost without oversight. Current owner will help new owner as needed to learn the ropes. With no employees, nor inventory, this business is largely hands-off.
Reason for Selling:
Owner wishes to continue building castles.
Home-Based:
This business is Home-Based

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Jack Sluiter

Business Listed By:
Jack Sluiter

Transworld Business Advisors of Charlott

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