Hill Country Wedding Venue
| Asking Price: | $1,000,000 |
| Gross Revenue: | $950,000 |
| Cash Flow: | $307,706 |
This popular Texas Hill Country Wedding Venue is everything you would want in a wedding venue, beautiful Real Estate, a historic location, commercial kitchen, and there is a small team in place that handles many of the event details.
This venue has consistently demonstrated steady bookings year-round for the past decade and has many upcoming weddings contracted on the books well into the future.
There are two options to consider in purchasing this business. The first option is to purchase the business and lease the real estate (which includes multiple buildings, such as a ceremony building, reception hall, short-term rental houses, and more). The second option is to acquire the business and the real estate.
Revenue in 2022 was just shy of $1M at $950K with SDE of $307,000, with an asking price of $1M. The SDE for the business was calculated by subtracting $180K out for rent to take into account the approximate expense that a new owner would have if they were leasing the real estate in its entirety.
If you consider purchasing the Real Estate along with the business, SDE would be $487K.
Currently, the business is solely focused on weddings, but there is an opportunity for a new owner to modernize the company’s website and marketing presence and offer mid-week retreats, corporate events, specialized catering, event coordinating, or other additional services.
