37416-Opulent Wedding Venue with Acreage

TX

37416-Opulent Wedding Venue with Acreage
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Asking Price: Get Financing: $2,500,000

Cash Flow: N/A

Gross Revenue: $314,000

EBITDA: $63,000

FF&E: $200,000

Inventory: N/A

Lease Rate: N/A /SF

Established: 2006

37416-Opulent Wedding Venue with Acreage

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Business Description

Extravagant venue included in the price! This eastern Texas event planning and coordinating company specializes in weddings and corporate parties at their private venue, which is located on 28+ private and picturesque acres. The indoor ceremony space has an occupancy of over 200, while the reception area can hold over 300 guests. The garden is also landscaped to perfection for charming outdoor weddings. Grand opulence meets an old world atmosphere, attracting brides and grooms-to-be throughout the region. This is one reason 80% of the revenues are derived from weddings, while the remainder is produced through corporate events and other social gatherings. The facility is equipped to provide, and has operated in the past as an all-inclusive events facility, but is currently operating as a basic site rental. Supplies and amenities to include tables, chairs, basic linens, sound system, as well as an on-site manager during events. The company also provides a list of local vendors and caterers for their clients’ needs.

Established over ten years, the company makes strong marketing efforts to promote their business. This includes wedding magazines, bridal shows and social media. With management already in place, this company could be operated in a hands-on or absentee fashion, giving the owner the ability to enjoy a flexible schedule and as much control of business activities as desired. After establishing the company’s name throughout the years, the current owner is approaching retirement and ready to see a new owner take the company to the next level. Financing is negotiable for the right buyer. Contact IAG office today for full details!

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The company operates from a 23,000 square foot manor, located on 28+ acres. The land and building are included in the asking price. There is a large wedding and ceremony room which seats over 200 guests, a spacious dining and reception room with 20 foot ceilings to accommodate over 300 guests, a large kitchen, an expansive outdoor patio, and magnificently manicured grounds. Please inquire for photos and full details.
Support & Training:
While the owners are approaching retirement, the rest of the staff will most likely be willing to stay on after the sale.
Reason for Selling:
Approaching retirement.
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IAG Buyer Division

Business Listed By:
Buyer Division

IAG

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