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Address: 121 King St, Dameitta, Egypt
Phone: +25-506-345-72
Email: [email protected]

Event Space Rental Business

Event Space Rental Business

Oakland County

Listing#: C2659

CBB-website tags Small v1-2-03CBB-website tags Small v1-2-01
Description

This is a recently renovated event space that can accommodate up to 100 guests. It is located in an upscale area in Novi Michigan. The seller recently renovated the interior with new paint, counters, flooring, decor, and other amenities.

The seller started the business in late 2021 and finished the renovations early in 2022. She has a gorgeous website set up that is driving traffic for bookings and has many more reservations set up for the coming months. Booking prices range from $800-$1200 for 6-8 hours depending on the day of the week. The seller provides the guest with Chairs, tables, linens, set up/clean up. The space has a beautiful bar station with a sink where guest can bring their own alcoholic and non alcoholic beverages to serve to their guests.

This is an excellent opportunity for a new owner to come in and grow the bookings using creative marketing in the local area. A new owner can also add in other services like picture walls, renting the space for social gatherings/meetings, and kid’s birthday parties.

The seller is selling due to relocating out of Michigan. The business is priced to sell and a new owner we receive all social media accounts, website, phone number, current reservations, and assets that come with the business.

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Business Overview

Revenue $Asset Sale
Cash Flow Asset Sale
Inventory $TBD
Year Established 2021
Seller Financing Yes
Employees 0FT 1PT
Asking Price $75,000
Key Statistics
  • Hours of Operation: 7 Days : By Appointment

  • Employees: 0 Full Time 1 Part Time

  • Year Established: 2021

  • Year Acquired: 2021

  • Liscence Required: N/A

  • Seats: 100

  • Parking: Ample

Financial Information
  • Gross Sales: $Asset Sale

  • Source: Seller Stated

  • Cash Flow: Asset Sale

  • Source: Seller Stated

  • Inventory Value: TBD

Seller Financing
  • Business Price: $75,000

  • Down Payment: $50,000

  • Monthly Payment: $749

  • Interest Rate: 5%

  • Amortization Period: 36



Location
  • Monthly Rent: $2,000 NNN

  • Lease Terms: Lease Expiration Date: 2026

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Disclaimer

This information has been supplied to Broker, Capital Commercial Group, Inc. by seller or obtained from other sources. Broker has not and will not verify the accuracy of this information. Thus, Broker does not guarantee this information to be accurate. It is recommended that Purchaser independently verify the accuracy of this information with Purchaser`s councel.