Contemporary and modern event venue is a popular spot for weddings, parties, corporate events, and other private gatherings. The space is bright, open, and versatile, allowing it to accommodate a wide range of event types and group sizes. The business is easy to operate, with the owners primarily handling bookings and coordination while outside vendors take care of cleaning and event setup. The venue is rented by time blocks or by the day, creating a simple business model with low staffing requirements. There is also plenty of room for growth through additional event services such as catering, bar service, decorations, or event planning.
- Asking Price:
- $200,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $250K - $500K
- Cash Flow:
- $100K - $250K
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Currently in our 2d 5year term with 3 years remaining on the lease. Monthly lease is $18,000 per month.
- Leasehold Rent:
-
18,000 per month per annum
- Living Accommodation:
-
No living accommodations but we have a hotel suite within walking distance of the venue and another hotel 3 minutes away for guests
- Location:
-
Located in a town center which is the hub of the community and central to everything. You have a high visibility facility with potential for much expansion within the town center, if your needs require more space.
- Premises Details:
-
This 8k sf space is divided into a main ballroom that can accomodate up to150ppl seated with a dance floor, 200ppl seated with no dance floor or 250ppl standing room only. You have a built in DJ's booth, a built in bar, luxurious chandeliers and marble floors and white draping already included. Adjacent to the ballroom, you have a 4k sf luxury photo studio which can be rented individually for parties and photoshoots or can be added to the ballroom rental for additional profits. The studio also represents an opportunity to tear it our and expand on the ballroom experience.
- Size in square feet:
- 8,000
Business Operation
- Management type:
- This business is owner operated.
- Expansion Potential:
-
We currently offer inhouse design and catering as an option for additional revenue, so this is a service you can definitely continue
- Competition / Market:
-
The wedding market is saturated with small venues popping up every day. You need to be able to distinguish yourself and our clean modern and elevated vibe does just that
- Reasons for selling:
-
relocating
- Trading hours:
-
9am-3am
- Employees:
- 1
- Years established:
- 2010
Other Information
- Support & training:
-
Training and support can be provided for 30 days as needed
- Furniture / Fixtures value:
- $20,000 - included in the asking price
- Inventory / Stock value:
- $8,000 - included in the asking price
