Listing Number: 60270-554457
Description
Overview: We are pleased to present a rare and lucrative opportunity to acquire a thriving banquet and event center that has been a cornerstone of the local hospitality industry in the Midwest for over a decade. This distinguished, upscale, and versatile venue boasts a remarkable 1200-person capacity, making it a sought-after choice for weddings, private parties, and corporate events.
Key Features:
1. Established Reputation: With over 10 years of successful operations, this premier banquet and event center has solidified its standing as THE destination for memorable gatherings. A stellar reputation for impeccable service and attention to detail has resulted in a loyal corporate and general public client base.
2. Experienced Professionals: A dedicated team of experienced professionals is in place, providing a seamless experience for clients. From event planning to catering to bar service and hospitality, the staff is committed to maintaining the high standards that have defined the business over the years. Relationships with 3rd party partners are already in place as well to staff and support larger events as needed.
3. Turnkey Operation: In addition to the solid employee group, this business comes fully equipped with turnkey materials for hosting a diverse range of events. Included are all furniture, fixtures, and cutting-edge audio/visual equipment (third party) to ensure seamless execution across various event types.
4. Full Catering and Beverage Capability with liquor permit: The banquet and event center offers a comprehensive catering and beverage service, further enhancing its appeal to clients seeking an all-inclusive event experience. These service offerings add a significant revenue stream to the business as well, making this a ‘one-stop shop’ for all of the clients’ entertainment needs.
5. 2024 Calendar: The venue’s event’s calendar is already filling up with events planned throughout the year…and the event list continues to grow! Take advantage of this booked revenue stream immediately after closing!
6. Prime Real Estate: The offering includes the beautiful building and the associated real estate. Situated in a prime location, the property features an elegant and versatile space that can be customized to accommodate a wide range of events.
Financial Highlights: Financial details will be disclosed to serious and qualified buyers upon signing a confidentiality agreement. The business has consistently demonstrated strong financial performance over the years, making it an attractive investment opportunity.
This is a rare chance to acquire a turnkey business with a strong Midwest market presence and minimal competition, that is poised for continued growth and success. If you are a discerning investor looking to enter the lucrative events and hospitality sector anchored by a valuable real estate investment, contact us for further details.
2023 Revenue: $2,300,000
2023 Net Income: $293,000
Real Estate BOV: $10,000,000
Real Estate: 11.7 acres
Square Footage: 40,000+
Listing Details
- Price: $ 11,000,000
- Down Payment: $10,000,000
- Sellers Discretionary Earnings: $ 400,000
- Total Sales: $ 2,300,000
- Location: Butler County, Ohio
- Inventory: $ 3,000
- FF&E: $ 225,000
- Employees: 25
- Year Established: 2008
- Reason for Selling: Retirement
- Category: Miscellaneous/Other
