Description
This is a once-in-a-lifetime opportunity to own and operate a highly profitable and growing events business located on 200+ acres in New England. The Company is focused on the Wedding market and is nearly fully booked for 2016 and well into 2017 reservations. It is one of the premiere Wedding locations in its served market and has stellar reviews on all the major wedding sites.
The business comes with 200+ acres of land (some of which is in a conservation trust) including rolling fields and ponds surrounding a 7,000+ SF state-of-the-art event facility. The home on the property boasts 4840 SF, 7 bedrooms, 2 baths and 8 fireplaces. In addition, there is a 5700 SF equipment shed, gazebo, and much more!
There is significant potential for growth with this business. The house is easily converted into an Inn, which can be used for a variety of corporate and non-corporate retreats, filling a void in this region. 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. The Company has a stable, tenured, competent and reliable work force.
Detailed Information:
Price for Business and Real Estate: $2,600,000
2015 Revenues: $626,468
Inventory: N/A
Furniture, Fixtures, & Equipment (FF&E): $357,034 (Est. original cost)
Owner Discretionary Income: $324,499 (2016 Proforma $400,00+)
Facilities: This is a complete “turnkey” Wedding & Events business on the grounds of one of the most beautiful properties in the state.
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.
Real Estate offered through our Broker, Bean Group, 1-800-450-7784.