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Event and Music Center

Cuyahoga County, OH
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Asking Price:$2,800,000
EBITDA:$542,250
Gross Revenue:$6,277,800
Established Year:2014
Listing ID: 2308371Listing provided by BizBuySell
BUSINESS DESCRIPTION

Located in a prime area in Northeast Ohio, this award winning venue boasts a 10-year track record of hosting exceptional private and ticketed events. The venue is renowned for weddings, corporate events, philanthropic gatherings, and concerts featuring well-known national and regional musicians. Recognized by local publications as the Best Live Music
Venue and Best Corporate Event Venue, it has also earned a spot in The Knot Hall of Fame for its outstanding wedding services.

The venue offers customizable indoor and outdoor spaces, a near turnkey operation with established policies and procedures, and an experienced staff. It includes a coveted D3A liquor license, adding significant value. The business has earned thousands of 5-star reviews on social platforms, solidifying its reputation as a leading choice for memorable events.

Live music fills unbooked dates year-round, attracting diverse audiences and enhancing the brand's visibility. This business is an excellent acquisition for venue operators or hospitality groups looking to expand into the private/ticketed events sector.

With strong brand recognition, impeccable service, strong management staff and a premier location, this venue is a lucrative investment opportunity.

ATTACHED DOCUMENTS
Event Center Teaser.pdf Download
DETAILED INFORMATION
Location
Cuyahoga County, OH
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
15,000
Employees
70
Facilities
The location is +/- 15,000SF gross leasable area, with outdoor spaces and land expansion. The current lease in place is highly competitive for this prime location including options through 2042. Surrounding businesses have "non-compete" type language included in their lease documents. The building provides flexible floor plans for a variety of events. Establishment currently has 6 different spaces to accommodate large and small groups. A multitude of leasehold improvements have been made over the 10 years in business.
Competition
This event center is able to host multiple, concurrent events either indoor or outdoor. Their superior execution is based on the professional Management team and staff. Modern technology, such as Toast POS, TripleSeat Event Management Software, Restaurant 365 Accounting Software, Etix Ticketing and more are used to run this business.
Growth & Expansion
The owner has identified several opportunities for growth and expansion including but not limited to 1) Outside catering opportunities 2) additional private events (wedding and corporate) to expand top and bottom-line growth 3) Continued draw of well known and respected brands 4) Growth of the ticketed and annual VIP membership passes.
Support & Training
Procedures and training materials are in place for all positions and technology is utilized in all facets of the business. The owner and booking agent are willing to stay on for a reasonable time after a sale to ensure a smooth transition and is negotiable on the length of this transition at mutually agreeable terms and compensation.
Reason for Selling
The owner is seeking a sale for retirement.
Franchise
This business is an established franchise
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Brian
Moran
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Brian Moran
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