Wedding Venue & Event Space #68144

Texas

Seller Financing Available

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Asking Price:$8,450,000
Cash Flow:$200,000
BUSINESS DESCRIPTION

BUSINESS HIGHLIGHTS: This is a Historic Wedding venue and events center spread over 17 acres. The property contains a historical home and cottage, the owners’ residence with a pool, an open-air chapel, a modern farmhouse covered pavilion, and picturesque scenery. The farm also has livestock, such as longhorn cattle, horses, a historical cabin and windmill, and multiple storage sheds and out-buildings. Three of the homes are on separate properties and are currently used as overnight rentals. One of which is a registered historical landmark, and another could be registered as a historical landmark. All of the overnight rentals are zoned for commercial use and located in the heart of town. There is also a 2,200 square foot house located near downtown that is a residence for the maintenance manager and his family. The Wedding Venue business leases the properties and covers the costs to maintain the historic properties and generate $200k in cashflow for the owners. *The $8,450,000 includes all the properties which could be sold in separate groups to lower the price.


ATTACHED DOCUMENTS
Confidentiality Agreement Download

DETAILED INFORMATION
Location
Texas
Inventory
Not Included in asking price
Employees
12
Facilities
The Company’s 17-acre property includes a chapel and reception pavilion, a 2,00 square foot historical home and 2,100 square foot residence and more.
Competition
• Superior Name and Reputation: The Company enjoys a long-standing (12+ year) reputation for quality and superior customer support. The Company is well known for its ability to accommodate the needs of guests and for its intimate ambiance and amenities. • Management Will Remain through Transition: The Director of Weddings and the Property Manager will remain with new management indefinitely and are an integral piece of the business.
Growth & Expansion
> Expand Service Offering > Increases Sales & Marketing Efforts
Support & Training
Seller will provide whatever support and training is necessary for a proper transition.
Reason for Selling
Seller would like to focus on other life objectives
Home-Based
This business is Home-Based
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Milt
Flinn
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Milt Flinn