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Opulent Wedding Venue With Acreage
Location: United States -> Texas
Industry: Business Services > Other Services




Business Summary

Extravagant venue included in the price! This eastern Texas event planning and coordinating company specializes in weddings and corporate parties at their private venue, which is located on 28+ private and picturesque acres. The indoor ceremony space has an occupancy of over 200, while the reception area can hold over 300 guests. The garden is also landscaped to perfection for charming outdoor weddings. Grand opulence meets an old world atmosphere, attracting brides and grooms-to-be throughout the region. This is one reason 80% of the revenues are derived from weddings, while the remainder is produced through corporate events and other social gatherings. The facility is equipped to provide, and has operated in the past as an all-inclusive events facility, but is currently operating as a basic site rental. Supplies and amenities to include tables, chairs, basic linens, sound system, as well as an on-site manager during events. The company also provides a list of local vendors and caterers for their clients' needs.

Established over ten years, the company makes strong marketing efforts to promote their business. This includes wedding magazines, bridal shows and social media. With management already in place, this company could be operated in a hands-on or absentee fashion. After establishing the company's name throughout the years, the current owner is approaching retirement and ready to see a new owner take the company to the next level. Financing is negotiable for the right buyer. Contact IAG office today for full details!

Asking $2,500,000.00. The company operates from a 23,000 square foot manor, located on 28+ acres. The land and building are included in the asking price. There is a large wedding and ceremony room which seats over 200 guests, a spacious dining and reception room with 20 foot ceilings to accommodate over 300 guests, a large kitchen, an expansive outdoor patio, and magnificently manicured grounds. Please inquire for photos and full details.


Financials

Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $314,000
Cash Flow:   Seller Will Provide
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $200,000
Seller Financing:  No

About The Business

Year Established:  2006
Number of Employees:  6 - 9
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Lease

About The Sale

Management Training and Support:  While the owners are approaching retirement, the rest of the staff will most likely be willing to stay on after the sale.
Reason For Selling:  Approaching retirement

Photos

View Larger Photo(s) Of Business
Opulent Wedding Venue With Acreage Photo 1 Opulent Wedding Venue With Acreage Photo 2




Print Listing Id: 700266451
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Also See: Franchise Opportunities > Franchise Resales > Texas Businesses For Sale > Texas Franchises For Sale > Texas Business Brokers



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