HospitalityEstablished in 1985, this event venue business has built a loyal customer base in the Charleston area. Systems, vendor relationships, and an experienced team are all in place for a smooth handover.
Open to financing 15% of the price over 3 years at 7.5% with an acceptable down payment.
Owner is consolidating investments and exiting day-to-day operations.
Seller will provide 8 weeks of on-site training and transition support.
The business occupies a 6,790 sq ft commercial space; the space is well-maintained and fully equipped.
Competition exists from regional operators, but the company's reputation and tenure provide a durable advantage.
Untapped opportunities include e-commerce, service agreements, and referral partnerships.
Modeling Highly Profitable Event & Wedding Venue Grossing $1.1M Annually · $1.09M
Asking price is $1.09M. Type an offer or drag to model one.
SBA 7(a) acquisition loans typically require ~10% down.
SBA business-acquisition loans are usually 10 years.
A market salary for whoever runs the business day-to-day, subtracted from earnings to show true profit. Set to $0 if you will owner-operate.
Estimates for illustration only, based on the listed SDE and your assumptions. Closing costs are estimated at ~2.5% of price for fees and working capital. Actual loan terms, taxes, and earnings will differ. This is not financial advice. Verify all figures in diligence and consult qualified advisors.
Open the full Deal AnalyzerThe documents below open to qualified buyers in the secure data room after a signed NDA.
Hospitality