Event, Wedding & Corp. Venue Business-Highly Successful & Ready

Asking Price$690,000

Cash Flow
$250,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,200,000

Inventory$35,000
Not included in asking price
FF&E$300,000
Included in asking price
MIDDLE TN LOCATIONSave

Event, Wedding & Corp. Venue Business-Highly Successful & Ready


Asking Price$690,000

Cash Flow
$250,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,200,000

Inventory$35,000
Not included in asking price
FF&E$300,000
Included in asking price
Business Description
This premier event venue is located in a vibrant commercial district in Middle TN. It hosts a variety of events, mostly hosting weddings and corporate events, yet its layout provides the flexibility to host intimate events, fashion shows, music showcases, corporate roundtables, to name a few. The owner invested over $400,000 transforming this freestanding building into a custom event venue facility. Local and regional customers alike, and the broad event venue market have widely and enthusiastically accepted this needed facility. It provides a beautiful canvas for clients to customize their events, where it successfully hosts weddings, corporate gatherings, and community celebrations. Clients have the flexibility to use their own selected vendors, or the business's team can assist clients with third-party vendors for a turn-key event. Its unique bar and beverage program is unlike others and can service off-site events as well.
The venue's features include a sophisticated blend of historic architecture and modern design complimented by flexible vendors and beverage policies. The company's focus on hospitality, transparent communication, and seamless client experience has established it as a highly sought-after destination in the event market. The owner's passion for a unique space is evident not only from the beautifully designed space, but also their consideration of the practical needs of their clients, such as a state-of-the-art sound system, versatile seating arrangements, a fully equipped catering kitchen, and unique beverage space and program. The location offers the perfect blend of accessibility and unique charm, providing a sense of escape while still being conveniently located.
Reasons for buying this business:
• The business has proven systems that make it ready for growth adding additional service verticals.
• There is opportunity for additional value creation in this growing market, taking advantage of the systems and branding the owners have meticulously built.
• There is a big barrier to entry due to establishing vendor supplier relationships and lack of real estate spaces available to accommodate ongoing large-scale events.
• The owner is committed to a successful transition with their staff, hands on training, and knowledge transfer. He will teach the new owners their methods for building a successful staff and ongoing operation.
• It is strategically located for growth being in the heart of a premier commercial and retail area and near highways and interstates, allowing them to service a large geographic area.
• There is in place an attractive market lease, with many years available remaining and multiple options to extend.
• The owners have invested in operating systems, experienced team members in place, and built a strong brand reputation for a comprehensive business opportunity.

Advertisement picture is not of actual facility.
About the Business
Years in Operation
7
Facilities & Assets
The facility provides flexibility and optional layouts for serving a diverse range of client needs:
• The large open main event hall provides a versatile and elegant backdrop for events.
• A smaller and partitionable intimate space has ample natural light from expansive windows, and it can be used independently or as an extension of the main hall.
• A private outdoor area allows for hosting pre-event cocktails, welcome and greeting opportunities, and allows for a natural transition between indoor and outdoor celebrations.
Market Outlook / Competition
The Middle Tennessee event venue market is competitive as new hotels, and large-scale venues add to the supply. However, this competition also creates significant opportunities here. The trend toward unique, non-traditional spaces and small-scale weddings offers a way for distinct venues to differentiate themselves from the large, corporate-style ballrooms. By highlighting unique features and flexible, their policies attract a discerning clientele looking for something beyond the standard.
Opportunities for Growth
This elegant event space is well-positioned to expand its reach by capitalizing on key market trends, including explosive local growth, and expanding vertical services. A significant opportunity lies in attracting more corporate clients by creating specialized packages for professional gatherings and marketing the venue as a sophisticated alternative to traditional hotel ballrooms. The venue can also increase its share of the wedding market by showcasing its unique aesthetic and flexible policies, particularly for couples seeking a unique setting.
Real Estate
Owned or Leased
Leased
Lease Expiration
2/29/2032
About the Sale
Seller Motivation
Focus on other business opportunities and passive activities.
Transition Support
The owner is committed to ensuring a seamless and prosperous transition for the new owners. He is dedicated to providing hands-on training and a comprehensive knowledge transfer of the proven methods he has developed for building a successful business and dedicated staff.
Listing Info
ID
2413380
Listing Views
34

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Business Listed by: Jim Shaub TN Business Brokers Group, LLC

Listing ID: 2413380 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.