Wedding & Corporate Event Venue
FinancialsAsking Price of business :$1,295,000
Included In Asking Price :Real Estate, Furniture, Fixtures & Equipment
Annual Sales :$650,000 Cash Flow :$155,000
Built overlooking a beautiful Maine pastoral setting, this business is one of the state’s premier destinations for weddings, corporate events and private functions. With many specifically designed features to enhance the guest experience throughout its multiple function rooms and outside venues, the business was built and is operated with meticulous attention to detail. Day-to-day management is in place, making this business an exceptional opportunity for an individual with industry experience, or for a real estate investor, to realize substantial growth.
General InformationYear Established :2008
Employees :4 FT / 2 PT
Facilities :The property features incredible vistas and a beautiful outdoor event venue. The facility has multiple occasion rooms, able to accommodate a range of functions, the largest having the space and versatility to accommodate a wedding’s ceremony, cocktail hour and reception, for up to 300 guests. The business has ample on-site parking, able to accommodate the largest of events.
Business Location :Maine
Competition & Market :
The company’s current market area is expected to provide exceptional sales opportunities for many years into the future and the company has a strong market presence in it. There are few, if any, competitors in the region with the flexibility of indoor and outdoor event locations or with the majestic location and beautiful interior. The company has a growing market share, as well as an expanding customer base.
Growth & Expansion :
The company believes that its recent expansive growth in event revenue will continue, as it continues to focus on this aspect of the business and as its reputation within the local business community and within the wedding planning industry grows. An acquirer could take advantage of development opportunities, including the possibility of building overnight accommodations to expand the types of events the business could attract and serve. The business has been carefully developed to date, with a strong management team, and is now poised for future growth.
About the SaleFinancing :
Financing to be determined on an individual basis. Working Capital Needed $50,000. Inventory $5K (est.)Support/Training : The seller will provide transitional training to a new owner.
Reason for Sale : Seller desires to spend more time pursuing other opportunities.
Maine Business Brokers
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