Return to search results

Upscale Events Venue

Philadelphia County, PA

Seller Financing Available
Upscale Events Venue
Contact Seller

Asking Price: $675,000

Cash Flow: $253,360

Gross Revenue: $1,309,907

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: $1,425,000*

Established: N/A

*not included in asking price.

Upscale Events Venue

Save Print Share Valuation Report

Business Description

A well-established and profitable, upscale events venue with a liquor license in Philadelphia, PA is for sale. This award-winning business hosts weddings, social functions, and corporate events from its 13,000+ square foot premises. The venue has been meticulously maintained and improved over the years, providing an elegant and updated feel for its customers. The business generates a consistent and predictable income stream with a steady demand from its customer base. Future bookings tally between approximately $600,000 and $750,000 at any given point, which a new owner would inherit before having made one sale. The current owner works 25 to 30 hours per week on average. Unlike most small businesses, this an ideal opportunity for someone that does not want to be completely tied down by the business they buy.

This opportunity has been prequalified for a Small Business Administration (“SBA”) bank loan. The total sale price of $2,100,000 for the business and real estate can be financed with a $128,000 cash down payment. Based on historical data, a new owner would generate an annual net income of approximately $194,000 after making principal and interest payments to the bank. The loan amount includes bank closing costs and working capital.

Detailed Information

Location:
Philadelphia County, PA
Real Estate:
Owned
Not included in asking price
Building SF:
N/A
Financing:
In addition to SBA, some seller financing is available.
Support & Training:
The seller will provide training and post-closing support.
Contact Seller

Contact the Seller

(from currently available funds)
 
Contact Seller Loading

Jeff MacAdam, CBI

Business Listed By:
Jeff MacAdam, CBI

The Bridlebrook Group

Show Phone Number

View My Listings


Sponsoring Broker:
William A. Doyle, Esq.

Listing Statistics

Unlock

Demographic Information

Unlock


Ad#:1603373 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


Eat The Frog Fitness

Franchise Opportunity
Cash Required: $150,000