Event Management & Catering in Unique Facility | Transworld Business Advisors
UA-80156832-1

Event Management & Catering in Unique Facility

Listing Number: 3953-473336

Description

The Company provides Event management & catering in a unique facility constructed in 1875 in a very active urban setting. The majority of scheduled events are weddings. The facility was purchased by the current owner in 2011 and converted to a banquet facility. The next owner of the Company will be able to leverage a proven team and business model to pursue a wide range of compelling growth strategies including aggressively pursuing non-wedding events, booking multiple events per day and more actively upselling other services.

Positives include:
Growing Revenue and Profitability History
Unique Attractive Facility
Great Geographic Location
Large Unused Capacity

Note: Price will be reduced by prepayments on future weddings at the closing. Prepayments at 12/31/2017 were $215,000

Listing Details

  • Price: $1,400,000
  • Down Payment: $1,400,000
  • Sellers Discretionary Earnings: $387,100
  • Total Sales: $933,300
  • Location:

  • Inventory: $3,000
  • FF&E: $246,200
  • Employees: 8
  • Reason for Selling: Pursue other Interests
  • Category: Restaurants

Business Listed By: