Wedding & Corporate Event Center For Sale

Business description

Riverbend Event Center 14,000 square feet on 6.6 acres. NO MONEY DOWN Purchase possible. Owner ready to retire. Make Offer!
At list price owner will include 6000 square foot Steak House with approximately $700,000 in annual sales!!

Property information

Real Estate:

Real Property Included

Living accommodation:

1600 square foot furnished appartment in the Riverbend Event Center which can be used as personal living space or rented as accommodations for the events. Receive 25 percent fee for management of condominiums on Riverbend Farms

Location:

This magnificent 45,000 sq. ft. structure sits in the midst of 750 acres of rolling hills on a Southern Middle Tennessee farm located 30 minutes from Huntsville, Alabama, 1 hour and 15 minutes from Nashville and Chattanooga Tennessee, and 2 hours from Atlanta, Georgia. It is the perfect site for weddings, receptions, corporate events, reunions, Christmas parties, any event where privacy, superb food and excellent service is demanded.

Large weddings are effortlessly handled in the 350-seat auditorium, with sound equipment and stage provided, or you can choose in one of our beautiful outdoor settings. There are several glorious locations for small weddings as well. Full catering service is provided. Unlimited parking is available on site.

Accommodations available on site include 8 completed Condos with proposed 42 for a potential on site bed base of approximately 150.


Combined Tax Assessed Real Estate value for Riverbend and Cattlemans is about $1,580,000

Other information

Expansion potential:

You will be getting in a on a fast growing Lehr Jackson www.lehrjackson.com Development with an established business. Potential to purchase the adjoining properties to be developed into the Shops at Riverbend, to include structures and approximately 9.7 acres for $450,000 if purchase by June 2008. Growth of condos will expand income. Also have the rights for other recreation activities on the Riverbend Farm.

Competition / Market:

Very price competitive to similar facilities in surrounding metro areas such as Nashville, Huntsville, Chattanooga, Atlanta, Birmingham.

Support & training:

Support and training can be negotiated

Reasons for selling:

Retirement

Financing available:

Will take note for up to the 20 percent down payment required for bank financing so the purchaser with appropriate credit can get in with no money down.

Furniture / Fixtures value:

$100,000

Inventory / Stock value:

$10,000

Website:

www.riverbendeventcenter.com

Related documents:

• 
• Financials

Contact the seller

For more information about this business for sale, click the Contact Seller button.

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