Exclusive Event Center w/ Prime Real Estate, Great 1031 Exchange!

Listing Number: 60270-554457

Description

Business Description: Step into ownership of an exceptional banquet and event center that has become a cornerstone in the Midwest’s hospitality industry for over a decade. This turnkey, premier, upscale venue, with a capacity of 1,200 guests, is renowned for hosting weddings, corporate events, and private parties, making it a highly sought-after destination in the region.

Key Features:

• Renowned for Excellence: With over 10 years of impeccable service, this event center has built an unrivaled reputation for creating unforgettable events. Known for attention to detail and a client-first approach, the venue boasts a loyal clientele, both corporate and private, driving consistent demand.

• Seasoned and Dedicated Staff:
A highly trained and dedicated staff ensures seamless operations, from event planning to catering and bar service. Key relationships with third-party partners are in place to support large-scale events, making this a turnkey operation for the next owner.

• Turnkey Facility with Complete Event Setup:
The business comes fully outfitted with high-end furniture, fixtures, and cutting-edge A/V equipment to accommodate a wide variety of events. Whether it’s a wedding or a corporate conference, the venue is ready to host it all.

• Full-Service Catering and Beverage with Liquor Permit:
Complete with full-service catering and beverage options, including a liquor permit, this center offers clients a one-stop shop for their event needs, adding a significant revenue stream to the business.

• Confirmed Events Scheduled Through 2025:
The 2025 event calendar is already filling up, offering a ready-made revenue stream from the moment ownership transfers.

• Exceptional Real Estate Opportunity:
Situated on 11.7 acres of prime real estate, this beautiful 40,000+ square foot facility offers a luxurious and flexible space that can be tailored to fit any event. The building and land, valued at $10M, make for a great long-term investment and a great 2024 1031 exchange candidate option for your investment dollar!

Financial Highlights: Serious buyers will receive detailed financials after signing an NDA. This business has consistently delivered robust financial performance, including:

• 2023 Revenue: $2,300,000
• 2023 Net Income: $293,000
• Real Estate BOV: $10,000,000

This is a unique opportunity to acquire a profitable, turnkey event center with minimal competition in a thriving market. For investors seeking entry into the lucrative hospitality industry, bolstered by prime real estate, this business is primed for continued growth. Contact us for more details.


The real estate associated with this business sale is represented by Coldwell Banker Realty, a licensed real estate brokerage in the state of Ohio. This advertisement is not generated by the real estate Brokerage.

Listing Details

• Price: $ 11,000,000
• Down Payment: $10,000,000
• Sellers Discretionary Earnings: $ 400,000
• Total Sales: $ 2,300,000
• Location: United States


• Inventory: $ 3,000
• FF&E: $ 225,000
• Employees: 25
• Year Established: 2008
• Reason for Selling: Retirement
• Category: Miscellaneous/Other