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Elegant Event Center in NE Houston with Real Estate

Houston, TX (Harris County)

Elegant Event Center in NE Houston with Real Estate
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Asking Price: $4,495,000

Cash Flow: $62,547

Gross Revenue: $984,676

EBITDA: N/A

FF&E: $300,000

Inventory: N/A

Real Estate: $3,980,000

Established: 2013

Elegant Event Center in NE Houston with Real Estate

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Business Description

You’ve got to look at this fantastic opportunity to own one of the most elegant event centers in the NE Houston area with close proximity to IAH – providing picturesque spaces and dining for weddings, corporate events, private retreats, reunions and more. The beautifully designed facility is filled with southern plantation charm and is located on a gorgeous 22-acre green space filled with walking trails, ponds and woods. All inclusive (tables, chairs, lights, sound, linens and de´cor) - there is no need to rent from outside sources. Their clients are able to choose from a host of options of fabrics for tablecloths, napkins, overlays, etc using their extensive on-site studio for de´cor and linens. Along with the client’s design, they assist with the entire ballroom layout, agenda and timeline and put all the pieces in place for the client, so their event is effortless. Over 30,000 guests a year are entertained at this venue. This geographic area of Houston has become a thriving business center and accommodations for rental venues to hold corporate events, parties and large meetings are being sought out by event coordinators, executive assistants and business owners. From an intimate gathering for 20 to a grand event for 400, there are several spaces for the client to choose from: 3 small reception settings (up to 32, 72 and 100 guests), 1 medium reception setting (up to 184 guests), largest reception setting (up to 432 guests). Ceremony settings consist of a chapel, and 3-4 outdoor terrace/patio settings. Facility currently holds a TABC Liquor License. Financially the venue was on an upward trend since opening in 2013, but owner suffered a debilitating stroke late 2017 and has been away from the business ever since. Because seller was so involved, hands on, and sole sales person, 2018 has seen a drop in booking/sales. New involved owner should be able to turn it around quickly. Please refer to CBB Listing #8150

Attached Documents


Detailed Information

Location:
Houston, TX
Real Estate:
Owned
Included in asking price
Building SF:
24,545
Employees:
6FT; 1PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
24,545SF freestanding facility on approx. 20 acres of land
Growth & Expansion:
Outside sales. More advertising, specifically with The Knot, Wedding Wire, etc. Better SEO. Add 2nd Bride and Groom Suite. Bring catering in house – catering is typically 30% of revenue in this industry. Owner involvement.
Support & Training:
Seller will train
Reason for Selling:
Health reasons
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Contact the Seller

(from currently available funds)
 
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Frank & Rose Stabler

Business Listed By:
Rose Stabler

Certified Business Brokers

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. The TABB Certified Business Broker certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the TABB.

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