Listing Number: 86715-571411
Description
The opportunity is to purchase an existing Wedding / Event Venue Business and Property. The location has two buildings centered just over 20 acres of beautiful rolling wooded land located near Birmingham Alabama. The two buildings were constructed over two years ago and the equipment inside the buildings is new and in great shape for providing weddings and other events throughout the year. The number of weddings and events continue to increase month/month and year over year while achieving great profitability for the business.
This is a great opportunity for buyers who have 1031 funds available and searching for an appreciating investment in real estate while having an income source. The furniture, fixtures and equipment (FF&E) include kitchen equipment consisting of food preparation equipment, refrigeration equipment, tables, and shelving along with sufficient central HVAC equipment. The location has an outdoor patio area, with a fire pit, which is great for night events.
The owner is willing to offer some seller financing, however it is subject to final approval and review of the buyer.
Listing Details
- Price: $ 1,025,617
- Down Payment: $820,493
- Sellers Discretionary Earnings: $ 99,464
- Total Sales: $ 114,570
- Location: Blount County, Alabama
- Inventory: $ 0
- FF&E: $ 30,000
- Employees: 2
- Year Established: 2022
- Reason for Selling: Focus on other Business
- Category: Real Property Rltd
