Premier event facility in the Greater Sioux Falls area. This is one of the largest venues to host events of all kinds. The business chooses to focus on weddings. There is no on-site food preparation by the owners, but the venue has a good relationship with local restaurants and caterers. Events in 2024 and already booking into 2025 and beyond!
- Asking Price:
- $170,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $227,110
- Cash Flow:
- $106,728
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
Lovely facilities that are highly sought after include a very large reception area with private suites for brides and grooms. A prep kitchen is available for outside vendors as well as a full bar.
Business Operation
- Expansion Potential:
-
A bigger staff could accommodate larger, more elaborate events. Many weekday and off-season events could be added. Expanding add-on services and packages could increase margins. Drink prices are below market and could be raised to increase revenues. Bar minimums and rentals fees could be adjusted as they are currently competitive but slightly below market rates.
- Competition / Market:
-
There are a number of venues in the area. Few are larger than this property. This business separates themselves by the tailored and customized service they provide.
- Reasons for selling:
-
Owner is relocating.
- Trading hours:
-
Monday-Friday 9am-4pm
- Employees:
- 3 PT
- Years established:
- 7
Other Information
- Support & training:
-
Will train for 2 weeks @ $0 cost.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
$85K down/$85K over 120 mos. @ 10%.
- Furniture / Fixtures value:
- $60,000 - included in the asking price
- Inventory / Stock value:
- $5,800 - included in the asking price
