Listing ID: 80459
This is a One-of -a Kind Exceptional Facility.
• Incredible Mansion/Estate
• Weddings and Special Events Facility Booked a year in advance
• Extraordinary grounds and gardens
• Full Service Facility
• Proprietary software to manage all aspects of business
• Great website
• Strong Social Media
• Award Winning/ Great Reputation
• Lots of Room-to-Grow
- Asking Price: $5,540,000
- Cash Flow: $288,476
- Gross Revenue: $1,252,866
- EBITDA: N/A
- FF&E: $560,000
- Inventory: $25,000
- Inventory Included: Yes
- Established: 2005
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:20,236
- Lot Size:N/A
- Total Number of Employees:6
- Furniture, Fixtures and Equipment:N/A
• Main Mansion – 20,236 sq. ft. • Open Air guest facilities – 9.860 sq. ft. • 2 very large ballrooms • 3 smaller rooms • Huge Commercial Kitchen • First-Class fully stocked Private Bar • Audio Visual Center • Pond/Waterfalls/incredible with Landscaping • 4 Patio areas/Gazebo’s • Commercial Sprinkler system • Gate House • Maintenance building • Atrium • Laundry • Sales Office • Includes 17 acres Commercial Property • 5 undeveloped acres for growth • Lots of private parking • Land and Building has current appraisal of $4,700,000.
Seller expects to include a comprehensive training/transition for the new owner.
Seller is relocating out of state.
There are many wedding venues but very few as upscale with both the indoor and outdoor features capable of handling as many guests.
Currently nearly all business is on weekends for weddings. There are many Growth and Expansion Opportunities for New Owner, with lots of potential related to corporate/commercial customers and the growing Movie/Film Industry in Atlanta. • Develop commercial/corporate meeting/events business • Open Restaurant in current facility • Start high-end catering business in current facility • Do multiple weddings on same weekends • Develop partnerships with Movie Industry Additionally, there is a huge opportunity for growth by developing the 5 unused acres include with the sale. Some possibilities include: • Add a small “Boutique Hotel” • Add a Wedding Chapel • Add several cottages or “Guest Houses”. It is estimated that a small hotel would be booked at near capacity most of the time with the weddings and movie quests that would want to use the facilities.
The business was started in 2005, making the business 17 years old.
The sale does include inventory valued at $25,000, which is included in the requested price.
The business has 6 ft. - 28 pt. employees and resides in a building with estimated square footage of 20,236 sq ft.
Why is the Current Owner Selling The Business?
There are all types of reasons people choose to sell businesses. However, the true factor vs the one they tell you might be 2 absolutely different things. For instance, they may state "I have way too many other commitments" or "I am retiring". For many sellers, these reasons are valid. However, for some, these may just be excuses to attempt to conceal the reality of altering demographics, increased competitors, current reduction in revenues, or a variety of various other factors. This is why it is extremely essential that you not count entirely on a seller's word, but rather, use the seller's solution in conjunction with your general due diligence. This will paint a more sensible picture of the business's current situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous companies take out loans with the purpose of covering points like supplies, payroll, accounts payable, and so on. Bear in mind that sometimes this can imply that earnings margins are too small. Numerous organisations come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future commitments to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with suppliers that must be satisfied or may lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area attract brand-new clients? Most times, businesses have repeat consumers, which create the core of their day-to-day profits. Certain variables such as new competition growing up around the location, road building, as well as staff turnover can influence repeat customers and adversely affect future incomes. One crucial point to consider is the placement of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Clearly, the more individuals that see the business regularly, the higher the opportunity to build a returning consumer base. A last idea is the general area demographics. Is the business located in a densely inhabited city, or is it situated on the edge of town? Just how might the regional typical house earnings influence future income prospects?