SOLD! – Event Business For Sale, located in 7000 SF Renovated Barn, on 200+ Acres, in NH

Description

Highly profitable and growing New Hampshire Events Business located approximately 20 minutes from a larger metro hub. The Company focuses primarily on the Wedding Market with 2016 calendar year nearly fully booked and a number of reservations for the 2017 calendar year. It is one of the premiere Wedding locations in its served market and has stellar reviews on all the major wedding sites.

The business is located in a state-of-the-art 7000+\- facility\barn designed specifically for events and is surrounded by 200+ acres of land (some of which is in a conservation trust) including rolling fields and ponds. Adjacent to the event facility are offices to be used by the owners of the business.

There is significant potential for growth with this business. Currently, the business is focused on weddings in the Spring, Summer and Fall. New owners could expand events to include corporate and non-corporate meetings, holiday parties, Bar & Bat Mitzvah’s & more. Take advantage of the naturally beautiful grounds for a multitude of activities such as walking, hiking, mountain biking, ice skating, snowmobiling and cross country skiing. The Company has strong supplier relationships and hundreds of enthusiastic customer referrals. Its workforce is stable, tenured, competent and reliable.

Detailed Information:

Price for Business: $850,000

2016 Projected Revenues: $676,900

Inventory: N/A

Furniture, Fixtures, & Equipment (FF&E): Provided on request

Owner Discretionary Income: $328,283

Real Estate: Not Included in Price – Available for Purchase

Facilities: This is a complete “turnkey” Wedding & Events business on the grounds of one of the most beautiful properties in the state. Long-term lease is available and financials reflect associated costs.

Competition: Smaller venues exist in the area but none that are truly comparable.

Growth & Expansion: Dramatic growth opportunities exist within current market and alternatives.

Support & Training: Seller is willing to stay on to assist to support and train during transition period for a fee.

Reason for Selling: Semi-retirement and to pursue other business opportunities.