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Established Event Venue In South Bend For Sale

South Bend, Indiana, US
Asking Price:
Under $100K Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
Under $100K
Cash Flow:
Under $50K

Events is a premier event venue located in South Bend, Indiana, offering an exceptional space for a wide variety of occasions, from weddings and corporate gatherings to birthdays and special celebrations. This newly renovated venue features pristine floors, bright white walls, and 9-foot west-facing windows that provide a stunning backdrop for any event. The venue spans over 3,200 square feet, providing ample space for up to 200 guests.

Key Features:

Versatile open floor plan accommodating various event types.
Flexibility for clients to bring their own food and beverages.
Essential amenities included: tables, luxury chairs, Bluetooth speakers, chafing dishes, linens, and a rolling wooden bar.
Beautiful bridal suite with LED mirrors for wedding preparations.
Additional 2,500 square foot warehouse in the back, ideal for expansion or storage.
Convenient location with ample parking and easy access.
Business Highlights:

Established brand with a growing reputation in the local market.
Strong online presence and a user-friendly website for easy booking and inquiries.
Partnerships with local vendors and service providers.
Potential for revenue growth through increased marketing and expanded service offerings.
Lease and Negotiation:

The buyer will take over the existing lease.
The owner is open to negotiating the terms to ensure a smooth transition.
This business is perfect for an entrepreneur looking to enter the thriving event industry with a turnkey operation that has already established a solid foundation. With its stunning aesthetic and comprehensive amenities, Serenity Events stands out as a top choice for clients seeking a memorable event experience.

For more information and to discuss this exciting opportunity further, please contact us.

Property Information

Real Estate:

Lease

Lease Terms:

Lease ends in 2027 with the option to renew.

Current rent is $5,750

The rent will raise to $6,750/m in 2025, $7500 in 2026, & $7,750 in 2027

Leasehold Rent:

$69,000 per annum

Location:

Proximity to Key Areas:

University of Notre Dame: Located just a short drive away, the venue benefits from proximity to this renowned institution, which brings a vibrant community and numerous events to the area.
Downtown South Bend: The venue is close to downtown South Bend, offering access to a variety of restaurants, shops, and cultural attractions.
Eddy Street Commons: A nearby mixed-use development featuring shopping, dining, and entertainment options, enhancing the appeal of the venue's location.

Premises Details:

The property at 1628 N Ironwood Drive is situated on a spacious lot, offering ample room for various uses. Adjacent to the property is a wooded lot, providing additional potential for expansion and development. This prime location is conveniently located near key amenities and services in South Bend, Indiana, and is next to a popular restaurant, making it an attractive option for businesses looking to capitalize on the area's vibrant community and growing population.

Size in square feet:
6,500

Business Operation

Expansion Potential:

Adjacent to the property is a wooded lot, providing additional potential for expansion and development. Owner of the property owns this lot.

Competition / Market:

Navarre Catering Services
Rio Park Events
The Blue Heron at Blackthorn
South Bend Scottish Rite
Century Center

Employees:
1
Years established:
1

Other Information

Support & training:

The seller will provide support and training with the current business model for 2 months.

Inventory / Stock value:
$5,000 - included in the asking price
Distressed:
This business is a turnaround opportunity.