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Event Management & Catering in Unique Facility

Marion County, IN

Event Management & Catering in Unique Facility
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Asking Price: $1,550,000

Cash Flow: $387,100

Gross Revenue: $933,300

EBITDA: N/A

FF&E: $246,200

Inventory: $3,000

Established: N/A

Event Management & Catering in Unique Facility

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Business Description

The Company provides Event management and catering in a unique facility constructed in 1875 in a very active urban setting. The majority of scheduled events are weddings. The facility was purchased by the current owner in 2011 and converted to a banquet facility. The next owner of the Company will be able to leverage a proven team and business model to pursue a wide range of compelling growth strategies including aggressively pursuing non-wedding events, booking multiple events per day and more actively upselling other services.

Positives include:
Growing Revenue and Profitability History
Unique Attractive Facility
Great Geographic Location
Large Unused Capacity

Note: Price will be reduced by prepayments on future weddings at the closing. Prepayments at 12/31/2017 were $215,000

Detailed Information

Location:
Marion County, IN
Inventory:
Included in asking price
Employees:
8
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Location and Former Building Use has led to tremendous growth in the current business model. Truly a Beautiful Business and Property
Competition:
Little competition in the geographic area.
Growth & Expansion:
Current location will support much growth
Support & Training:
8 weeks
Reason for Selling:
other interests
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Leonard Janssen

Business Listed By:
Leonard Janssen

Transworld Business Advisors of Indiana

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Sponsoring Broker:
Michael Berry

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