Event, Banquet, and Entertainment Venue For Sale

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Asking Price:
$549,999

Gross Revenue:
$1,020,431
Cash Flow:
$125,006
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

The build out on this facility was $1.5mm including high-end sound and lighting equipment, full kitchen, and all food and beverage service furnishings. Very fair long-term lease in place. It would cost the same or more today for the space and equipment. This is a turn-key opportunity to stay the same brand or this could be re-branded. The location is in a higher income community catering to guests in their late 30’s to late 50’s with on-site parking. There are daytime events, weddings, parties, live entertainment including occasional national bands.

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2017 Gross Revenue: $913,000
2018 is on pace to break $1mm
Asking Price $649,000
Seller will consider some carry for well-qualified buyer.
Training and transition is negotiable.

About the Business

Location:
Denver, Colorado
Year Established:
2007
Number of Employees:
17
Real Estate:
Leased
Building Sq. Ft.:
6,600
Rent:
$11,300.00 Per Month
Facilities:
6,600 square feet in a free-standing building
Website:
tworld.com/locations/centraldenver/listings/Event--Banquet--and-Entertai
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About the Sale

Reason For Selling:
Retirement
Training/Support:
Two weeks included.
Seller Financing:
Available to well qualified buyer.

Listing Info

ID:
1541905
Ad Detail Views:
613

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Business Listed by

Tim Blais

Transworld Business Advisors of Col
License# FA. 100083092

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Sponsoring Broker:

Al Fialkovich, CBI
Transworld Business Advisors of Col
License# FA100044010


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