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Profitable Wedding & Event Venue On 200 Acres
Location: United States -> New Hampshire -> New Hampshire
Industry: Food and Beverage > Other Food and Beverage




Business Summary

This is a once-in-a-lifetime opportunity to own and operate a highly profitable and growing events business located on 200+ acres in New Hampshire. The Company is focused on the Wedding market and is fully booked through 2015, 75 percent booked for 2016 and beginning 2017 reservations. It is one of the premiere Wedding locations in its served market and has stellar reviews on all the major wedding sites.

The business comes with 200+ acres of land (some of which is in a conservation trust) including rolling fields and ponds surrounding a 7,000+ SF state-of-the-art event facility. The beautiful home on the property boasts 4840 SF, 7 bedrooms, 2 baths and 8 fireplaces.

In addition, there is a 5700 SF equipment shed, gazebo, and much more!
There is significant potential for growth with this business. The house is easily converted into an Inn, which can be used for a variety of corporate and non-corporate retreats, filling a void in this region. Take advantage of the naturally beautiful grounds for a multitude of activities such as walking, hiking, mountain biking, ice skating, snowmobiling and cross country skiing. The Company has strong supplier relationships and hundreds of enthusiastic customer referrals. The Company has a stable, tenured, competent and reliable work force.

Detailed Information:
Price for Business and Real Estate: $2,600,000
Revenues: $592,380 (2015 Projections)
Inventory: N/A
Furniture, Fixtures, & Equipment (FF&E): $357,034 (Est. original cost)
EBITDA: $293,729
Facilities: This is a complete ''turnkey'' Wedding & Events business on the grounds of one of the most beautiful properties in the state.
Competition: Smaller venues exist in the area but none that are truly comparable
Growth & Expansion: Dramatic growth opportunities exist within current market and alternatives.


Financials

Asking Price Range:  $2.5M - $5.0M
Gross Revenues:   $595,000
Cash Flow:   $295,000
Cash Flow Type:  EBITDA
Inventory:  $357,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  1993
Number of Employees:  10 - 19
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  Seller is willing to stay on to assist to support and train during transition period for a fee.
Reason For Selling:  Semi-retirement and to pursue other business opportunities.




Print Listing Id: 700246288
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > New Hampshire Businesses For Sale > New Hampshire Franchises For Sale > New Hampshire Business Brokers



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