Business Overview

This award winning venue and event center hosts both private and corporate events. The venue is strategically located in one of San Antonio’s fastest growing areas, and is easy to find with lots of free parking. Events include weddings, Quinceaneras, corporate events, etc. Its many well trained service providers create a memorable event that is well organized, and this company has received numerous recognition awards in local and national review publications. Revenue and income have remained consistent for the last several years. 2020 continues to be very profitable despite COVID. Several opportunities for continued growth for the savvy buyer.

Financial

  • Asking Price: $399,500
  • Cash Flow: $120,000
  • Gross Revenue: $660,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $5,000
  • Inventory Included: N/A
  • Established: 2015

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:6,000
  • Lot Size:N/A
  • Total Number of Employees:1
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

The business is based in San Antonio in a growing area of town. Its located in a vibrant center with shopping, restaurants and other retail. Plenty of free parking available.

Is Support & Training Included:

Seller will stay on for one month to train the new owner to ensure a smooth transition. Additional training per consultation agreement between the parties.

Purpose For Selling:

Owner has other interests.

Pros and Cons:

There are other competitors that compete in the same area as the subject business, but there are no major competitors who have the name and reputation to attract and retain the caliber of customers the company is working with.

Opportunities and Growth:

This company has great potential to grow revenue by targeting more corporate events and social media presence.

Additional Info

The company was established in 2015, making the business 7 years old.
The transaction won't include inventory valued at $5,000*, which ins't included in the suggested price.

The business has 1 employees and is situated in a building with approx. square footage of 6,000 sq ft.
The real estate is leased by the business for $10,500 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons individuals resolve to sell businesses. However, the real factor and the one they say to you might be 2 totally different things. As an example, they might say "I have way too many other commitments" or "I am retiring". For lots of sellers, these reasons stand. But also, for some, these might simply be reasons to attempt to conceal the reality of transforming demographics, increased competition, recent decrease in revenues, or a variety of various other factors. This is why it is extremely important that you not count entirely on a seller's word, yet rather, make use of the vendor's solution combined with your overall due diligence. This will repaint an extra practical image of the business's current situation.

Existing Debts and Future Obligations

If the current entity is in debt, which many companies are, then you will need to consider this when valuating/preparing your deal. Many companies finance loans with the purpose of covering things like stock, payroll, accounts payable, and so on. Remember that occasionally this can imply that earnings margins are too thin. Many organisations fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to think about. There might be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with vendors that must be satisfied or might lead to charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the location draw in brand-new clients? Often times, businesses have repeat clients, which form the core of their daily profits. Particular elements such as brand-new competitors growing up around the location, roadway construction, and also personnel turn over can impact repeat clients and also negatively influence future revenues. One essential point to take into consideration is the area of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Clearly, the more individuals that see the business on a regular basis, the higher the possibility to build a returning consumer base. A final idea is the general location demographics. Is the business located in a largely populated city, or is it located on the edge of town? Exactly how might the regional mean family earnings impact future revenue potential?