Price: $259,999
Location: Johnston County
Industry: Banquet Halls
Listing ID: 16959392-NI
Listing Status: Under Contract
This unique & historic event venue boasts an esteemed clientele from corporate affairs to weddings. Offering competitive pricing and tailored packages, this strategically positioned business is renowned for its culinary excellence and impeccable service. Ready for new ownership, it stands as a prime opportunity for growth in the upscale event industry.
Business Highlights:
- Premium Location
- Beautiful aesthetics
- Established reputation
- Historical feel
- Owners take the summers off!
- 5 star business
- Local Landord
This is a perfect opportunity for any professional in the wedding space, investor, or operator of an event/catering/restaurant business looking to take their space to the next level. Must see it to believe it!
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Down Payment: N/A
Total Sales: N/A
Cash Flow: $175,000
EBIT: N/A
EBITDA: N/A
Accounts Receivable: N/A
FFE: N/A
Inventory: N/A
Year Established: 2008
Non-Owner Payroll: N/A
Employees: 10
Real Estate: N/A
Real Estate Included: No
Monthly Rent: N/A
Square Footage: 6,000
Franchise: No
Facilities Information: Custom upfit wedding venue with a historical feel and plenty of parking. Featured spaces include: Main dining room with historical bar Loft Bridal Suite Groom's Lounge Covered Outdoor Patio Kitchen Restrooms (4) Storage Rooms Office Space Instagram Wall
Reason For Sale: Retirement
Training & Support: 2 events
Competition: While there are many wedding venues and event spaces, no other has this premium location and this history in the Triangle.
Potential Growth: Opportunities for growth include but are not limited too: - Accepting summer events again - Off-Site Catering - Expanding upwards for rooftop wedding ceremonies - Weekday weddings (New wedding trend) - Social Media Marketing - More weekly corporate events, the location would support this!
