Midwest Event Venue

Business
  • Listing# : 17869
  • Listed Price : $7,500,000
  • Total Sales : $1,760,738
  • SIC : 7299
  • Down Payment : $1,000,000
  • Status : Active
  • Discretionary Earnings : $907,179

Business Type :

Personal Services; Business Services / Event Planning; Real Property Rltd / Income Property; Restaurants / Banquet Hall/Caterer

Business Description :

This Event Venue will do over 200 events this year. Currently booking into 2025. There is additional property available. A liquor license is included. Some competition exists, but nothing is as sought after as this venue. A robust web presence, social media, and trade shows are more than adequate as word-of-mouth drives the most traffic. There is an on-site kitchen. There is also open land not currently being utilized. Hosting more events, particularly public, could be an additional revenue stream.

Assets/Liabilities:

    • Accounts Receivable $11,661
    • Incl : No
    • Real Estate $6,000,000
    • Incl : Yes
    • Inventory $25,000
    • Incl : Yes
    • Liabilities $149,488
    • Incl : No
    • FF&E $162,282
    • Incl : Yes
    • Other: $300,000
    • Incl : Yes
    • Leasehold $258,163
    • Incl : Yes
    • Total Assets $6,745,445
    • Incl : Yes

Lender Prequalified: Yes

Similar Listing :

Personal Services, Business Services, Real Property Rltd, Restaurants