Upscale Large Banquet, Wedding Venue, Restaurant & Property

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Asking Price:
$4,200,000

Gross Revenue:
$2,596,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
$3,700,000
included in asking price

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Business Description

Very unique 32,000 sf facility of upscale banquet, restaurants, bar and wedding venues in a gorgeous setting. Main facility was built as a replica of an existing 13th century English castle. Includes 10 acres of real estate with the option for 18 additional acres. Main components are fine dining room, cozy bar and lounge, upscale yet casual indoor/outdoor pub, large and small banquet rooms, and beautiful grounds for outdoor events and weddings. Business provides for fine dining, casual dining, indoor/outdoor weddings, banquets and meetings. This is a unique opportunity to acquire a tremendous property with huge potential.

Summary Investment Considerations:
* Extremely well known iconic property.
* Unique, large property - outstanding venue for weddings and banquets.
* Upscale casual restaurant, bar and lounge.
* High end fine dining room.
* Significant opportunities for increasing revenue of existing operations.
* Opportunity to develop excess acreage into related activities or residential community.
* Space for large banquet/weddings and small intimate gatherings.
Growth Opportunities:
* Increase restaurant hours. Currently very limited.
* Increase musician appearances to increase traffic.
* Create more activities to increase draw to Pub.
* Add Piano Bar.
* Add Wine tastings, whiskey or beer tastings.
* Full or partial conversion to winery, brewery or distillery and maintain banquet business.
* Additional development of property: Residential development; Over 55 Community.

About the Business

Location:
Berks County, Pennsylvania
Real Estate:
Owned
Building Sq. Ft.:
32,000
Facilities:
13th Century Castle Replica with addition of Banquet Hall and Pub/Restaurant. Includes fine dining/banquet space of 792sf, Auxiliary Bar/Lounge of 732sf, Banquet room of 7,926sf, Pub/Restaurant of 3,220sf, Four Meeting/Dining Rooms combined 1,445sf, Combined Kitchen and service areas of 4,426sf.
Market Outlook/
Competition:
Very unique property, nothing else like it in the region. 13th century castle setting is draw for weddings and other events.
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About the Sale

Reason For Selling:
Other Businesses
Training/Support:
Owners will provide training and support.
Seller Financing:
Negotiable

Listing Info

ID:
1616111
Ad Detail Views:
0

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Business Listed by

Thomas W. Kerchner

BMI Mergers & Acquisitions

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