(561) 662-1873
Premiere Event Venue

Premiere Event Venue

This Listing is Closed

Premiere Event Venue

Business Type: Real Estate Related / Renting/Leasing; Real Property Rltd / Income Property


    • Listing# : 17135
    • Listed Price : $471,138
    • Total Sales : $451,311
    • SIC : 56156
    • Down Payment : $471,138
    • Status : Closed
    • Discretionary Earnings : $239,258

Business Type

Real Estate Related / Renting/Leasing; Real Property Rltd / Income Property

Business Description

Stunning Event Venue. Great location in central Houston with Modern design makes this venue perfect for cocktail parties, offsite meetings, birthdays and small weddings.  Assumable lease that's well below current market rates. Business currently operates only 2 to 3 days per week, so plenty of room for Growth. 2021 was first full year.  Great ratings and reputation have 2022 pacing ahead of previous year.  All employees are contractors. This space can be easily transformed into a restaurant, bar, lounge or speakeasy. $750K in leasehold improvements would cost much more to build in today's market with a much higher lease.  Established model of operation.  Many events already booked for 2022.  Buyer will assume deposits on booked events. The heavy lifting has been done!


Assets / Liabilities

    • Accounts Receivable: $0
    • Incl:
    • Real Estate: $0
    • Incl:
    • Inventory: $0
    • Incl:
    • Liabilities: $0
    • Incl:
    • FF&E: $0
    • Incl:
    • Other: $0
    • Incl:
    • Leasehold: $750,000
    • Incl: Yes
    • Total Assets: $750,000
    • Incl: Yes

Get More Information

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Assets / Liabilities

    • Accounts Receivable: $0
    • Incl:
    • Real Estate: $0
    • Incl:
    • Inventory: $0
    • Incl:
    • Liabilities: $0
    • Incl:
    • FF&E: $0
    • Incl:
    • Other: $0
    • Incl:
    • Leasehold: $750,000
    • Incl: Yes
    • Total Assets: $750,000
    • Incl: Yes

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