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Thriving East Texas Event Venue, Restaurant and Private Club

Gregg County, TX

Seller Financing Available
Thriving East Texas Event Venue, Restaurant and Private Club
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Asking Price: $795,000

Cash Flow: $320,000

Gross Revenue: $1,343,000

EBITDA: $260,000

FF&E: $250,000

Inventory: $7,500

Real Estate: N/A

Established: 1980

Thriving East Texas Event Venue, Restaurant and Private Club

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Business Description

Located in the heart of East Texas near the I-20 corridor, this business is a staple of the local and regional community. With over 17,000 sq. ft. of space in a practically brand new facility, this venue hosts events of all types ranging from elegant weddings and large corporate and community luncheons, to private birthday parties and family celebrations. The event center can host up to 700 comfortably for a seated style meal, and can seat up to 1,000 people in a theater setting.

With a fully staffed and operational restaurant included, the business is also a private club catering to their monthly dues paying members. Located in a high traffic area with nearby accommodations, this business is a must see as an investment or for an owner/operator looking for a project of their own. With key staff in place, this business is built to operate in either scenario.

Detailed Information

Location:
Gregg County, TX
Inventory:
Included in asking price
Real Estate:
Owned
Building SF:
17,000
Employees:
25
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The 17,000+ ft2 building boasts formal and informal dining areas, a lavish formal entry way, ample kitchen and storage space, dining, entry and event center bathroom facilities, ~8,500 ft2 of partitionable ballroom floor space with an additional ~2,000 ft2 of event staging and office space.
Competition:
Positioned in the heart of the East Texas Oil & Gas industries, this business could benefit from potential rebounds in the Oil & Gas sectors in the local and regional economies.
Financing:
Seller willing to finance a portion or sell RE only with lease for qualified buyers.
Support & Training:
Owner is willing to work with buyers to ensure smoothe and successful transition of the business.
Reason for Selling:
Investment in other Opportunities/Retirement
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Contact the Seller

(from currently available funds)
 
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Lee Trammell

Business Listed By:
Lee Trammell

Drake Business Services

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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. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. 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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