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Gorgeous Turn-Key Event Venue in North Carolina

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Business Service Companies for Sale

Primary Category: Personnel Service Businesses for Sale
Secondary Category: Party Planning Businesses for Sale

Premier event venue business hosting weddings and events in an iconic historical site in North Carolina. it is situated in a 10,000 sq ft leased facility, with a 2500 outside courtyard.

Revenues are comprised of venue rental, bar and beverage sales, draping sales, and caterer commissions. additional features assets include: 2 full dressing suites, caterer's prep kitchen, large office, onsite parking for 30 cars, all tables and chairs, 3 portable custom bars, ivory chiffon drapery, indoor and outdoor market lights.

This business is turn-key and needs an entrepreneur with a vision and marketing skills to take it to the next level.

Financial Information

$600,000 Asking Price
$87,000 Cash Flow
$341,725 Gross Revenue
Yes Financing

Business Location

City: Central NC
State: North Carolina

Financing Comments

Seller will consider for highly qualified buyer

Reason for Sale

Getting out of the business

Detailed information

Year Established: 2015
Home Based: No
Franchise: No
Relocatable: No
Lender Prequalified: No
SBA Prequalified: No
Full-Time Employees: 1
Part-Time Employees: N/A
Contractors: 3
Owner Worked Hours/w: 30
Inventory Included: Yes
Inventory Value: $5,000
Monthly Rent: $11,300
Real Estate Available: No
Real Estate Included: No
Real Estate Value: N/A
Building Size: 10000
FF&E Included?: Yes
FF&E Value: $400,000

Training/Support

Seller will transition as necessary.

Facilities

Historic building with open floor plan designed for event space.

Market Outlook/Competition

Ideas for growth include: partnering with local wedding shops and event planners to get on their preferred vendor lists. Need to target large corporations in the area to provide the event space for functions.

Adam Ezell

Sunbelt of Durham

Email Adam

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Listing ID

DURHANC001-53156

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