HospitalityThis event venue business has operated continuously since 2021 and enjoys strong repeat business. The owner's role can be learned by a motivated buyer during the training period; industry experience is helpful but not essential. A capable manager runs daily operations, and the staff is expected to remain in place through a transition. The fundamentals are in place for a new owner to grow well beyond current levels.
Owner is retiring after 5 years in the business.
The business occupies a 16,780 sq ft commercial space; the space is well-maintained and fully equipped.
The local market is fragmented; this business is among the most established names in its trade area.
Modeling Long-Standing Event & Wedding Venue Serving Albany Since 2021 · $852K
Asking price is $852K. 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