Lancaster Wedding Venue & Catering with 47 Liquor License

Lancaster, CA (Los Angeles County)

Wedding Venue
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Asking Price: $275,000

Cash Flow: N/A

Gross Revenue: $362,000

EBITDA: N/A

FF&E: $89,880

Inventory: $63,000*

Established: 2003

*not included in asking price.

Lancaster Wedding Venue & Catering with 47 Liquor License

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Business Description

An established wedding venue in Lancaster, approximately 35 minutes north of Los Angeles. Owner is seeking a new venture and has elaborately built a complete kitchen, inside and out with full bar . There is a court-yard setting with a fountain on the premises. The current facility can hold up to 300 guests. Landlord is open to a new 5 year lease.

Sale price also includes the 47 Liquor LIcense, worth a minimum of $100K in Los Angeles County.

However; this business is also like a mobile party venue that can accommodate larger events at other locations for more than 300 guests. Along with décor and equipment which are stored in 4 large containers on the property, this could also be a potential party rental for other caterers. The containers are full of what a wedding planner needs to accomplish a beautiful wedding and formal dining setting, whether a simple ceremony, a holiday event, or even a large birthday!

The business has excellent growth potential. Seller will train and employees may stay, along with management, which makes for a possible coveted absentee ownership option. This is a great opportunity for someone who knows the industry and wants a turn-key business. Working with landlord to possibly sell the building & land.

Detailed Information

Inventory:
Not included in asking price
Employees:
5 FTE, 1 PTE
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
5,331 sq. ft. leased space
Support & Training:
Seller will negotiate a transition period
Reason for Selling:
New Business Ventures
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Contact the Seller

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John Willingham, CBI, CCIM

Business Listed By:
John Willingham, CBI, CCIM, DRE #556588

Sunbelt Business Advisors

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Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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