Event center
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ESTABLISHED EVENT CENTER - LACON, ILLINOIS
This turnkey event center presents an exceptional opportunity in Marshall County's underserved market. Established in 2022, this 6,300 square foot facility serves as the community's premier venue for weddings, family reunions, bridal and baby showers, church services, concerts, political events, and business meetings.
BUSINESS HIGHLIGHTS:
• Monopoly position - no direct competition in immediate market area
• Low time commitment operation with minimal overhead
• Strong community presence hosting diverse events and fundraisers
• Established customer base with proven revenue history
• Real estate included - fully owned 6,300 sq ft building
• $20,000 inventory included in purchase price
FINANCIAL OVERVIEW:
Asking Price: $450,000 (includes $425,000 real estate value and $20,000 inventory)
The business operates with minimal time investment while generating consistent returns from event bookings.
GROWTH POTENTIAL:
Significant expansion opportunities exist for motivated buyers:
• Office space rentals for additional revenue streams
• Vendor fairs, antique shows, and gun shows
• Entertainment events and concerts
• Seasonal farmers market development
• Weekday daycare facility rental
• Corporate partnerships with special pricing packages
OWNER SUPPORT:
Current owners offer comprehensive transition support including community relationship introductions, rental agreements, and operational recommendations.
REASON FOR SALE:
Owners are selling due to expanding family commitments, creating an opportunity for new ownership to unlock the facility's full potential.
This established business offers immediate cash flow with substantial upside potential in a market with no direct competition. The included real estate provides both operational base and investment security.
This turnkey event center presents an exceptional opportunity in Marshall County's underserved market. Established in 2022, this 6,300 square foot facility serves as the community's premier venue for weddings, family reunions, bridal and baby showers, church services, concerts, political events, and business meetings.
BUSINESS HIGHLIGHTS:
• Monopoly position - no direct competition in immediate market area
• Low time commitment operation with minimal overhead
• Strong community presence hosting diverse events and fundraisers
• Established customer base with proven revenue history
• Real estate included - fully owned 6,300 sq ft building
• $20,000 inventory included in purchase price
FINANCIAL OVERVIEW:
Asking Price: $450,000 (includes $425,000 real estate value and $20,000 inventory)
The business operates with minimal time investment while generating consistent returns from event bookings.
GROWTH POTENTIAL:
Significant expansion opportunities exist for motivated buyers:
• Office space rentals for additional revenue streams
• Vendor fairs, antique shows, and gun shows
• Entertainment events and concerts
• Seasonal farmers market development
• Weekday daycare facility rental
• Corporate partnerships with special pricing packages
OWNER SUPPORT:
Current owners offer comprehensive transition support including community relationship introductions, rental agreements, and operational recommendations.
REASON FOR SALE:
Owners are selling due to expanding family commitments, creating an opportunity for new ownership to unlock the facility's full potential.
This established business offers immediate cash flow with substantial upside potential in a market with no direct competition. The included real estate provides both operational base and investment security.
About the Business
- Years in Operation
- 4
- Currently Home Based
- Yes
- Facilities & Assets
- The event center is a former church sitting on 5 acres in the middle of town next to a highway that has approximately 11,600 cars per day going by. The main area/ sanctuary seats around 180 people. The common area seats around 120 people. There is a wing with 6 offices/ classrooms. The building had a new roof in 2018 and is in very good condition. The inventory that is included are tables and chairs, kitchen equipment, stoves, refrigerators, some outdoor equipment and furniture. It has a black top parking lot and a single car garage with extra storage.
- Website
- https://www.facebook.com/share/1AeCwyGUxx/?mibextid=wwXIfr
- Market Outlook / Competition
- There is currently no other business in the immediate area that has this business model so there is really no other competition. The majority of the events are family reunions, baby and bridal showers, weddings, Church services, concerts, political events , and business and government meetings. There are community fundraisers that we also donate the space for.
- Opportunities for Growth
- There are growth opportunities in renting out office space, vendor fairs, antique shows, gun shows and reaching out to more entertainment type activities. These can be very lucrative but require more time that we are currently unable to dedicate to.
A seasonal farmers market has also been something we have considered but also lack the time to organize.
Also, reaching out to different businesses and organizations to have special pricing to fill in for more time that is not in high demand.
Another option would be to rent during the week to a day care.
Real Estate
- Owned or Leased
- Owned
- Included in asking price
- Building Sq. Ft.
- 6,300
About the Sale
- Seller Motivation
- My wife and I have an expanding family and are looking to focus more on our fami
- Transition Support
- We would be happy to help establish local relationships with the community with any perspective buyer and share our rental agreement and any other recommendations. The business is currently a very low time commitment but could be pushed to making a much higher return on investment.
Listing Info
- ID
- 2474423
- Listing Views
- 6
Business Location
Listing ID: 2474423 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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