Highly Profitable Outdoor Wedding Venue

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Financial Highlights
Asking Price
$3,350,000
Revenue
$260,000
Business Description

This thriving business features multiple outdoor wedding venues on a 9 acre unrestricted property located just outside of Austin, Texas. As an outdoor venue in the business-friendly state of Texas, we have been operating at 100% capacity since May 2020. Each venue offers multiple beautifully landscaped outdoor ceremony areas, reception area and dance floor. The large oak trees in the reception area sparkle with thousands of twinkling lights that are oh so magical once the sun goes down. Location: Driftwood, Texas Year Established: 2011 Number of Employees: 10 Real Estate: Owned Facilities: Included in the sale; all buildings/structures on the property, operating equipment (tables, chairs, other rental furniture), grounds maintenance equipment. Buildings; two separate wedding venues with multiple ceremony areas, reception spaces, barn/dance floors, dressing areas, restrooms, and parking areas. 1700sqft building (3br,2bath) can be used as a private residence, office, Airbnb, or more. A large maintenance shop and a storage building. 2 commercial OWTS, all other water and electric infrastructure in place. All turf grass and gardens irrigated. Market Outlook/ Competition: Located in the Texas Hill Country, this is a popular area for destination weddings. Sunny skies and warm temperatures provide a year-round wedding season. Many couples come to this area from Dallas, Houston and beyond. Our close proximity to Austin, and San Antonio creates a huge market area. Our focus on Customer Service creates unparalleled customer loyalty which leads to word of mouth recommendations, a large following on social media, and fantastic online reviews. Growth & Expansion: This business currently maintains several revenue streams with room for more! Adding on additional services would greatly increase revenue. The purchase includes a 1700 square foot house that can be used as residence for the owners, business office or even sublease to a wedding related businesses for additional monthly revenue. Currently the owners work part-time. There is no "need" for expansion, but there are many avenues for growth and additional revenue streams. There is a DBA that is also included.

Business Details
Industry:
Beauty & Personal Care
Real Estate Included:
No
About the Seller
AU
Admin User
6498
Active Listings
New
Member Since

Listed: Apr 13, 2022

Updated: 4 days ago

Views: 10

Favorites: 0