New Listing: Midwest Event Venue with Real Estate

Oct 06, 2023 8:52 pm

From the Desk of Josh Grode Wolters, MBA

Make your dream a reality! This is a highly profitable business in a niche that has growth potential for years to come. We're intentionally a little sparse on the details, but if you have interest, please reach out. We're looking for a special buyer to take over operations.

More Information, Please!

Midwest Event Venue

Asking Price:$7,500,000

Cash Flow:$ 915,186

Gross Revenue:$1,681,986

FF&E:$ 174,760 (Included)

Inventory:$ 25,000 (Included)

Employees:$6,000,000 (Included)

Employees:29

This bespoke event venue will host over 200 events this year. Currently booking into 2025.

Facilities:

Additional property is available.

Competition:

Some competition exists in the area, but no other venue is as sought after as this.

Growth & Expansion:

There is unused space on the property that could be used for expansion. Hosting more events in the current space is possible. The existing staff could accommodate a 20% increase in events without major hiring. Public events could also be profitable when not booked for private events.

Support & Training:

Will train for up to four weeks at no cost.

Financing:

$1,000,000 down

$750,000 of Seller Financing over 72 mos. @ 10%

This business has been pre-qualified with an SBA lender

Reason for Selling:

Sellers are moving out of state.

More Information, Please!

As always, I'm looking forward to hearing from you soon!

Happy Friday,

Josh