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Elegant Event Center In Ne Houston W/re For Sale

Houston, Texas, US
Asking Price:
$4,495,000 Furniture / Fixtures included
Sales Revenue:
$984,676
Cash Flow:
$302,547

You’ve got to look at this fantastic opportunity to own one of the most elegant event centers in the NE Houston area with close proximity to IAH – providing picturesque spaces and dining for weddings, corporate events, private retreats, reunions and more. The beautifully designed facility is filled with southern plantation charm and is located on a gorgeous 22-acre green space filled with walking trails, ponds and woods. All inclusive (tables, chairs, lights, sound, linens and de´cor) - there is no need to rent from outside sources. Their clients are able to choose from a host of options of fabrics for tablecloths, napkins, overlays, etc using their extensive on-site studio for de´cor and linens. Along with the client’s design, they assist with the entire ballroom layout, agenda and timeline and put all the pieces in place for the client, so their event is effortless. Over 30,000 guests a year are entertained at this venue. This geographic area of Houston has become a thriving business center and accommodations for rental venues to hold corporate events, parties and large meetings are being sought out by event coordinators, executive assistants and business owners. From an intimate gathering for 20 to a grand event for 400, there are several spaces for the client to choose from: 3 small reception settings (up to 32, 72 and 100 guests), 1 medium reception setting (up to 184 guests), largest reception setting (up to 432 guests). Ceremony settings consist of a chapel, and 3-4 outdoor terrace/patio settings. Facility currently holds a TABC Liquor License. Financially the venue was on an upward trend since opening in 2013, but owner suffered a debilitating stroke late 2017 and has been away from the business ever since. Because seller was so involved, hands on, and sole sales person, 2018 has seen a drop-in booking/sales. New involved owner should be able to turn it around quickly.

Seller's Total Cash Flow: $302,457 Actual

Property Information

Location:

24,545sf freestanding facility on approx. 20 acres of land

Business Operation

Expansion Potential:

Outside sales. More advertising, specifically with The Knot, Wedding Wire, etc. Better SEO. Add 2nd Bride and Groom Suite. Bring catering in house – catering is typically 30% of revenue in this industry. Owner involvement.

Reasons for selling:

Health reasons

Trading hours:

7 days/wk; Sales 8am-5pm; Events: by contract

Employees:
6ft; 1pt
Years established:
2013

Other Information

Support & training:

Seller will train

Furniture / Fixtures value:
$300,000 - included in the asking price
Related Documents:

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