Established Eventing Business w/Leased Facility

Boise, ID (Ada County)

Established Eventing Business w/Leased Facility
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Asking Price: $52,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: $52,000

Inventory: N/A

Established: N/A

Established Eventing Business w/Leased Facility

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Business Description

This is a rare opportunity to acquire the assets, name, and current and future bookings for one of the most well-known eventing companies in the Treasure Valley. The business is owner-operated. The company’s core business is to provide a gathering facility, furnishings (i.e., tables, chairs, stage, etc.) and consulting services to its customers for special events. Most of the events include weddings, corporate meetings, church services, special parties, and multiple other uses that require space for large gatherings. The company works with its customers to provide suggestions for food and beverage catering, entertainment and other services in order for events to run seamlessly, and to execute the plan for the theme of the occasion. While the company itself does not provide catering and bar services, the facility does have a full commercial kitchen and multiple service bars. Indeed, the commercial kitchen is leased to an independent catering company that frequently caters to customers leasing the event center. Such relationship allows for efficient food preparation and delivery, or customers can bring in catering services from the outside. The assets of the business include decorative tables, chairs, some seasonal decorations, wedding props, and other miscellaneous decorations and furnishings for different occasions.

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Detailed Information

Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The company operates from a +/-5,200 SF leased facility. Its location is well known and provides an excellent atmosphere for a multitude of special events. The current lease has over three years remaining with options to renew. The facility includes two large open areas, a full commercial kitchen, a large service beverage bar, and smaller service beverage bar.
Growth & Expansion:
With the growth of this eventing company, the seller believes that a new owner with more time can meet the current demand for business and continue to grow the company. This business is well suited as an add-on company to an existing eventing business or event planner looking for a location to add to its portfolio of possibilities for existing customers. Also, the business would be well suited to an individual as a relatively low maintenance business with few employees and significant opportunity for growth. The owner is interested in selling the business to a new owner with the skills, capital and motivation to take this business to its full potential. The company operates with a sole owner/employee, however additional help, as needed, is brought in on a case-by-case basis. A buyer will benefit from multiple future bookings currently in place for the balance of 2017.
Reason for Selling:
The seller owns another business that requires a significant amount of time.
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Randy Limani

Business Listed By:
Arthur Berry & Company

Arthur Berry & Company

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