Listing Number: 76931-519985
BUSINESS ASKING PRICE: $550,000
REAL ESTATE ASKING PRICE: $900,000
TOTAL COMBINED SALES PRICE: $1,450,000
**Vetted Lender on Board**
RECENT IMPROVEMENTS TO THE PROPERTY INCLUDE:
* Groom's Cabin
* New Reception Deck Connected to Tipis
* Updated Driveway
* Tipi Canvases Replaced, April 2023
* New Permanent Doors Installed on the Tipis
TOTAL IMPROVEMENTS VALUED AT ~$500,000
As part of the sale, the buyer will get credit for 90% of the current event deposits on the books!
2022 SDE = $145,000
On land purchased in 2019, the sellers built a beautiful and unique wedding venue that involved developing approximately 8 acres of the 32+ acres where the venue is situated just north of the Houston area. There is a stunning party and reception area under the canopy of three custom tents that were shipped over from Europe. The reception area has approximately 1,500 square feet of air-conditioned yet open space with beautiful twinkling lights, custom wood flooring, and hand-crafted wooden walkways connecting the different areas and buildings on site. Included in the purchase of this business are all the tables, chairs, benches, and specialty woodwork. There is also a separate ceremony area that highlights the serene and gorgeous natural landscape. The current owners installed roadways and the parking lot for venue guests. They also built a custom bridal suite that allows the bride and her party to get ready on site. The bridal suite also serves as an overnight honeymoon suite that is included for the new bride and groom after their wedding.
In addition to the beautifully decorated bridal cabin, there is a home on site that matches the aesthetic of the bridal cabin. The current owners live on site, and any buyer could do the same. If a buyer chose not to live on site, this additional home could be used for wedding guests or an on-site manager. A buyer could even put this structure on Airbnb to earn some extra income! Each cabin on the property was built for approximately $75,000, however, they're easily worth double that amount for each since the current owner built them himself. There are two custom-bathroom buildings with full air conditioning that are worlds above most bathrooms at outdoor venues. The aesthetic matches the two other cabins. Also currently under construction is a groom’s building. The possibilities are truly endless when it comes to adding more rentable and bookable cabins either for the wedding parties or outside guests when no wedding is booked.
The total construction and build-out of this incredible property and venue cost upwards of $500,000. The year 2021 was the first full year in business, and the facility was booked and utilized to the tune of $260,000. Considering that the owners paid for a contract salesperson to advertise and book the venue, a buyer working as an owner/operator would have had an SDE over $134,000 even in that first year. The profitability looks to be even better this year and for the coming years, especially if a new owner lives on-site. The sellers built this beautiful property and profitable business from the ground up, and they are simply ready to move on to a new challenge.
The 32+ acre parcel of land is to be sold in conjunction with the business for a total sale price of $1,450,000. With the current growth in the southeast Texas area and Houston itself, the value of the property will continue to increase.
- Price: $ 550,000
- Down Payment: $550,000
- Sellers Discretionary Earnings: $ 145,028
- Total Sales: $ 258,171
- Location: Walker County, Texas
- Inventory: $ 0
- FF&E: $ 75,000
- Employees: 1
- Year Established: 2021
- Reason for Selling: Other Ventures
- Category: Miscellaneous/Other