Cash Flowing Historic Venue

Listed by Neal Isaacs in conjunction with Offer Realty NC

  • 1,350,000
  • NC

100+ year old historic venue in a town adjacent to a major metropolitan area in NC is seeking a new proprietor. With numerous upgrades to the kitchen and living quarters, this is a cash flowing business with a great reputation and bookings well into the future.

– Historic & profitable wedding and events venue with bookings well
into the next 12 months.
– Restored and opened in 2000 to become a premiere wedding venue
just 30 minutes from Raleigh, NC.
– Full Commercial Kitchen and Event space.
– Real Estate Included in price with 3 cottages and ample parking.
– Owner works less than 35 hours per week.

Selected financials from 2016 Tax Return, full recast available with Non-Disclosure Agreement.

historic venue building

*NOTE: Picture above is not of the actual venue. The photo used is a stock image.

DETAILED INFORMATION

Cash Flow Gross Revenue EBITDA FF&E Inventory Real Estate Established
$184,000
$700,000
N/A
$350,000
$2,000
$1,200,000
2000

Inventory: Included in asking price
Real Estate: Owned & included in asking price
Building SF: 11,000
Employees: 20
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: Historic venue with full kitchen, banquet hall, and numerous bedrooms on a sprawling estate.
Growth & Expansion: The current operator is primarily earning revenues from the wedding industry; ample opportunity exists to do more corporate and non-wedding bookings.
Support & Training: Training Available For Qualified Buyers
Reason for Selling: Other Business Interests

neal isaacs vr business brokers of the triangle
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