Listing Number: 60270-554457
Description
Business Description: Step into ownership of an exceptional banquet and event center that has become a cornerstone in the Midwest’s hospitality industry for over a decade. This turnkey, premier, upscale venue, with a capacity of 1,200 guests, is renowned for hosting weddings, corporate events, and private parties, making it a highly sought-after destination in the region.
Key Features:
• Renowned for Excellence: With over 10 years of impeccable service, this event center has built an unrivaled reputation for creating unforgettable events. Known for attention to detail and a client-first approach, the venue boasts a loyal clientele, both corporate and private, driving consistent demand.
• Seasoned and Dedicated Staff:
A highly trained and dedicated staff ensures seamless operations, from event planning to catering and bar service. Key relationships with third-party partners are in place to support large-scale events, making this a turnkey operation for the next owner.
• Turnkey Facility with Complete Event Setup:
The business comes fully outfitted with high-end furniture, fixtures, and cutting-edge A/V equipment to accommodate a wide variety of events. Whether it’s a wedding or a corporate conference, the venue is ready to host it all.
• Full-Service Catering and Beverage with Liquor Permit:
Complete with full-service catering and beverage options, including a liquor permit, this center offers clients a one-stop shop for their event needs, adding a significant revenue stream to the business.
• Confirmed Events Scheduled Through 2025:
The 2025 event calendar is already filling up, offering a ready-made revenue stream from the moment ownership transfers.
• Exceptional Real Estate Opportunity:
Situated on 11.7 acres of prime real estate, this beautiful 40,000+ square foot facility offers a luxurious and flexible space that can be tailored to fit any event. The building and land, valued at $10M, make for a great long-term investment and a great 2024 1031 exchange candidate option for your investment dollar!
Financial Highlights: Serious buyers will receive detailed financials after signing an NDA. This business has consistently delivered robust financial performance, including:
• 2023 Revenue: $2,300,000
• 2023 Net Income: $293,000
• Real Estate BOV: $10,000,000
This is a unique opportunity to acquire a profitable, turnkey event center with minimal competition in a thriving market. For investors seeking entry into the lucrative hospitality industry, bolstered by prime real estate, this business is primed for continued growth. Contact us for more details.
Listing Details
- Price: $11,000,000
- Down Payment: $10,000,000
- Sellers Discretionary Earnings: $400,000
- Total Sales: $2,300,000
- Location: United States
- Inventory: $3,000
- FF&E: $225,000
- Employees: 25
- Year Established: 2008
- Reason for Selling: Retirement
- Category: Miscellaneous/Other
