HospitalityThis well-run event venue company has served Sioux Falls and surrounding communities since 2016. The company offers a full range of event venue services, giving customers a single point of contact and driving healthy average tickets. The operation is efficient and lean, with overhead kept deliberately low relative to revenue. The brand is well recognized locally, supported by years of consistent signage, vehicle wraps, and community involvement. Customer retention is high, and the phone continues to ring on the strength of the company's name alone. Financial records are well organized and will support lender due diligence, including SBA financing. A capable manager runs daily operations, and the staff is expected to remain in place through a transition. The owner has stepped back from daily operations in recent years, and the business now runs semi-absentee. The business has grown organically with virtually no paid advertising for most of its history, a testament to the strength of its reputation. The local market is fragmented, positioning this business well for a buyer pursuing a consolidation strategy. The business generates dependable cash flow with margins at or above industry benchmarks. The company ranks well in local search results and maintains an active presence on the major review platforms. Service offerings have been refined over the years to focus on the most profitable lines of work. Ideal for a hands-on owner, or as an add-on acquisition for a regional player.
Open to financing 20% of the price over 7 years at 8% with an acceptable down payment.
Owner is scaling back for health-and-lifestyle reasons and will assist with a full transition.
Seller offers 3 weeks of hands-on training, with phone support for 6 months after closing.
Competition exists from regional operators, but the company's reputation and tenure provide a durable advantage.
Modeling Turnkey Event & Wedding Venue Operating Since 2016 · $296K
Asking price is $296K. 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.
Figures are provided by the seller. The platform does not verify or value the business. The implied multiple is simply asking price ÷ cash flow (SDE). Not financial advice; verify independently before any offer.
Hospitality