Historic Southern Estate, Wedding Venue and B&B
Business Description
Turnkey Hospitality and event property with multiple revenue streams
Cedar Hall is a distinctive historic Southern estate offering a rare combination of real estate, an established wedding and event business, lodging, food and beverage operations, and multiple additional revenue opportunities.
The property is anchored by an impressive circa-1840 Main House of approximately 6,500 square feet, complemented by formal gardens and a brick ceremony setting. The approximately 12,000-square-foot Stables Event Center provides a substantial indoor reception and event facility with supporting commercial food-and-beverage infrastructure.
The estate also includes an approximately 2,500-square-foot third-floor private residence, creating the opportunity for an owner or manager to live on-site. The property is zoned for a four-room bed-and-breakfast operation, providing an additional lodging revenue opportunity.
Other components include the Ivy Tearoom and a separate renovated Greenhouse, which has previously been utilized as retail space and offers flexibility for office, retail, hospitality or other complementary uses.
Cedar Hall is being offered with a substantial inventory of furnishings and operating assets, including event tables and chairs, linens, china, crystal, barware and other equipment necessary to support an established hospitality and event operation.
The property offers numerous potential revenue streams beyond weddings, including private and corporate events, bed-and-breakfast accommodations, tearoom operations, catering, food and beverage services and other hospitality concepts.
After many years of ownership and operation, the seller is transitioning toward retirement and is willing to provide a reasonable transition period to help ensure continuity for a new owner.
This is an opportunity to acquire far more than an event venue: it is a historic estate, established hospitality operation, income-producing platform and substantial collection of operating assets offered together in one acquisition.
The property is anchored by an impressive circa-1840 Main House of approximately 6,500 square feet, complemented by formal gardens and a brick ceremony setting. The approximately 12,000-square-foot Stables Event Center provides a substantial indoor reception and event facility with supporting commercial food-and-beverage infrastructure.
The estate also includes an approximately 2,500-square-foot third-floor private residence, creating the opportunity for an owner or manager to live on-site. The property is zoned for a four-room bed-and-breakfast operation, providing an additional lodging revenue opportunity.
Other components include the Ivy Tearoom and a separate renovated Greenhouse, which has previously been utilized as retail space and offers flexibility for office, retail, hospitality or other complementary uses.
Cedar Hall is being offered with a substantial inventory of furnishings and operating assets, including event tables and chairs, linens, china, crystal, barware and other equipment necessary to support an established hospitality and event operation.
The property offers numerous potential revenue streams beyond weddings, including private and corporate events, bed-and-breakfast accommodations, tearoom operations, catering, food and beverage services and other hospitality concepts.
After many years of ownership and operation, the seller is transitioning toward retirement and is willing to provide a reasonable transition period to help ensure continuity for a new owner.
This is an opportunity to acquire far more than an event venue: it is a historic estate, established hospitality operation, income-producing platform and substantial collection of operating assets offered together in one acquisition.
About the Business
- Years in Operation
- 12
- Employees
- 22 (2 Full-time, 20 Part-time)
Experienced part-time event staff includes wedding coordinators, parking attenda - Facilities & Assets
- Historic Southern estate featuring an approximately 6,500-square-foot Main House, separate approximately 2,500-square-foot third-floor private residence, approximately 12,000-square-foot Stables Event Center, formal ceremony gardens, renovated Greenhouse, Ivy Tearoom, commercial kitchen and extensive event and hospitality infrastructure. Sale includes a substantial inventory of furnishings, event equipment, tables, chairs, linens, china, crystal, barware and related operating assets. Property is also zoned for a four-room bed-and-breakfast operation, creating multiple potential revenue streams from lodging, private events, food and beverage, tearoom operations and other hospitality uses.
- Market Outlook / Competition
- Cedar Hall occupies a distinctive position in the Memphis-area hospitality and event market. The historic estate combines a grand 1840s Main House, formal gardens, a substantial event facility, commercial food-and-beverage infrastructure and lodging potential on one property. Unlike a single-purpose event venue, Cedar Hall offers multiple potential uses and revenue streams, including weddings and private events, corporate functions, bed-and-breakfast accommodations, tearoom operations, catering and other hospitality concepts. Its historic character and established reputation create significant differentiation from conventional event facilities.
- Opportunities for Growth
- Significant opportunity exists to expand revenue beyond the property’s established wedding and event business. Potential growth areas include increased utilization of the four-room bed-and-breakfast, expanded Ivy Tearoom operations, corporate meetings and retreats, private dinners and celebrations, holiday events, off-site catering, and additional food-and-beverage programming. The renovated Greenhouse provides another flexible space that could support retail, office, hospitality or other revenue-producing uses. A new owner could also increase the number of weddings and events marketed and booked annually. The combination of lodging, events, food and beverage, catering and multiple buildings creates substantial opportunity to grow revenue without acquiring additional real estate.
Real Estate
- Owned or Leased
- Owned
- Included in asking price
- Building Sq. Ft.
- 21,000
About the Sale
- Seller Motivation
- Long time Owner transitioning to Retirement
- Transition Support
- Seller is willing to provide a reasonable transition period to assist a new owner with existing bookings, operating procedures, vendor relationships, staffing practices, event coordination and the property’s multiple hospitality operations. Experienced staff may provide additional continuity, subject to arrangements with the new owner.
- Financing Options
- Asking price: $4,000,000 Appraised real estate value: approximately $4,300,000 Plus
Listing Info
- ID
- 2545081
- Listing Views
Business Location
Listing ID: 2545081 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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