Cash Flowing Historic Venue

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Incredible Historic Venue With Real Estate And Cash Flow; Event Space, Kitchen,
Asking Price:
$1,600,000

Gross Revenue:
$700,000
Cash Flow:
$150,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$2,000
included in asking price

FF&E:
$350,000
included in asking price

Real Estate:
$1,200,000
included in asking price

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Business Description

100+ year old historic venue in a town adjacent to a major metropolitan area in NC is seeking a new proprietor. With numerous upgrades to the kitchen and living quarters, this is a cash flowing business with a great reputation and bookings well into the future.

- Historic & profitable wedding and events venue with bookings well
into the next 12 months.
- Restored and opened in 2000 to become a premiere wedding venue
just 30 minutes from Raleigh, NC.
- 2,900 Ball Room addition
- Full Commercial Kitchen
- Real Estate Included in price with 3 cottages, an additional "rental" home, and a separate parcel for parking and more...

Selected financials available from Tax Return, full recast available with Non-Disclosure Agreement.

This is a business listing through VR Business Brokers, and a Real Estate listing through Offer NC.

Real Estate listed through Offer NC, (919) 832-1572

About the Business

Location:
North Carolina
Year Established:
2000
Number of Employees:
20
Real Estate:
Owned
Building Sq. Ft.:
11,000
Facilities:
Historic venue with full kitchen, banquet hall, and numerous bedrooms on a sprawling estate.
Growth & Expansion:
The current operator is primarily earning revenues from the wedding industry; ample opportunity exists to do more corporate and non-wedding bookings.
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About the Sale

Reason For Selling:
Other Business Interests
Training/Support:
Training Available For Qualified Buyers

Listing Info

ID:
1511857
Ad Detail Views:
1138

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Business Listed by

Neal Isaacs, MBA, CBI

VR Business Brokers - Raleigh

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