Event Management & Catering in Unique Facility

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Asking Price:
$1,550,000

Gross Revenue:
$933,300
Cash Flow:
$387,100
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$3,000
included in asking price

FF&E:
$246,200
included in asking price

Real Estate:
 Not Disclosed

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Business Description

The Company provides Event management and catering in a unique facility constructed in 1875 in a very active urban setting. The majority of scheduled events are weddings. The facility was purchased by the current owner in 2011 and converted to a banquet facility. The next owner of the Company will be able to leverage a proven team and business model to pursue a wide range of compelling growth strategies including aggressively pursuing non-wedding events, booking multiple events per day and more actively upselling other services.

Positives include:
Growing Revenue and Profitability History
Unique Attractive Facility
Great Geographic Location
Large Unused Capacity

Note: Price will be reduced by prepayments on future weddings at the closing. Prepayments at 12/31/2017 were $215,000

About the Business

Location:
Marion County, Indiana
Number of Employees:
8
Facilities:
Location and Former Building Use has led to tremendous growth in the current business model. Truly a Beautiful Business and Property
Market Outlook/
Competition:
Little competition in the geographic area.
Growth & Expansion:
Current location will support much growth
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About the Sale

Reason For Selling:
other interests
Training/Support:
8 weeks

Listing Info

ID:
1484917
Ad Detail Views:
665

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Business Listed by

Leonard Janssen

Transworld Business Advisors of Indiana

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Sponsoring Broker:

Michael Berry
Transworld Business Advisors of Indiana


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