Spectacular Banquet Venue

Asking Price$45,000,000

Cash Flow
Not Disclosed

EBITDA$1,150,000

Gross Revenue$15,000,000

Inventory$2,100,000
Included in asking price
FF&E$2,650,000
Included in asking price
Real Estate$40,000,000
Included in asking price
listing imageSave

Spectacular Banquet Venue


Asking Price$45,000,000

Cash Flow
Not Disclosed

EBITDA$1,150,000

Gross Revenue$15,000,000

Inventory$2,100,000
Included in asking price
FF&E$2,650,000
Included in asking price
Real Estate$40,000,000
Included in asking price

Seller Financing Available
Business Description
This well-known Catering Venue in the Northeast US, family owned and operated, offers extraordinary settings with historic architectural details and elegant finishes. The venue helps couples’ wedding dreams become reality with a fairy-tale celebration. The building has a range of event space capacities for celebrations of all sizes. The facility is a colossal hospitality venue among numerous manicured acres in a park-like setting. There are a total of five ballrooms on site that can accommodate any size affair, dinner party or corporate luncheon allowing the host to entertain in elegance.

The company has been fully reviewed and internally appraised at 4.2x EBITDA (2024). There is $2,100,000 in Net Working Capital plus another $44,650,000 in Fixed Assets included in the deal. By implementing the proposed deal structure an owner operator will obtain close to $1,100,000 benefit in after-acquisition-debt cash flow in Year #1 – over 35% return on equity investment.
About the Business
Years in Operation
7
Number of Employees
130
Market Outlook / Competition
The company enjoys a competitive advantage by providing gourmet food in the elegant and grandeur facility. The award-winning executive chef is formerly from well-known restaurants across the country providing world-class cuisine.
Opportunities for Growth
It is projected that a new owner will obtain additional growth by expanding the direct sales efforts with a minimal investment of $250k. The company projects additional revenue growth under such premise of $5 million per year over normal generic growth.
Real Estate
Owned or Leased
Owned
Included in asking price
About the Sale
Seller Motivation
Pursue Other Investments
Transition Support
A comfortable transition period will be provided by the owner who truly wants to see the business continue to flourish. Seller will consider a mid-term consulting agreement thereafter. A very well trained and highly qualified management team will stay in place and support the new owner in all aspects of the business.
Financing Options
$1.0m Seller financing plus $41.0m Bank financing subject to buyer qualification
Listing Info
ID
2380538
Listing Views
149

Contact Seller

By clicking the button, you agree to BizQuest's Terms of Use and Privacy Notice.

Business Listed by: Achim Neumann A Neumann & Associates, LLC

Listing ID: 2380538 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.