Event Venue in Palestine TX

Business Opportunity for Sale
Catylist Listing ID: 30319875
Property Subtypes: Food and Beverage
Building Size (RSF): 4,700 SF
Sale Price: $975,000
Name of Establishment: Bella Sera Ranch
Business Website Address: www.bellaseraranch.com
Year Business Established: 2010
Gross Revenue: $215,347 (Annual)
Cash Flow: $60,295 (Annual)
Sale Terms: open for discussion
Last Updated: 1/8/2019

Overview / Comments

Premier Wedding & Special Event Venue with 40+/- Acres Featuring a charming Chapel or Open Air Pavilion for wedding ceremonies and a 4700 square foot Grand Hall for receptions and parties. Grand Hall has fully furnished commercial kitchen, cathedral ceiling, large gas log fireplace, fully furnished bar, 2 large offices and Bridal Suite.

Additional Details

Nearest MSA: Tyler
County: Anderson
Industry Segment: Catering Services
Reason for Selling: Retiring from all businesses.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Real Property
Value of Real Estate Included ($): $1,158,000
Employee/Labor Description: Employees have indicated their desire to remain onboard with a new owner.
Mgmt/Training Support Description: Owner is willing to assist as a consultant for a negotiable time period after sale.
Competition/Market Description: There are several wedding venues in the area which are located near Tyler area. Bella Sera exceeds reputation and quality of service of all wedding venues in the area.
Growth/Expansion Opportunities: With 40 + acres on site, expansion is an option.
Seller Financing Description: Seller will consider owner financing options.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 690 6,980 16,246
Median Age: 42.97 34.61 34.25
Households: 265 2,804 6,108

Contact

Photograph of Listing Agent

Gary Halbrooks

Venue Properties, Inc. GTAR Commercial Member
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