Thriving East Texas Event Venue, Restaurant and Private Club

Undisclosed Address, Texas
Business Opportunity for Sale
Catylist Listing ID: 30315250
Property Subtypes: Entertainment and Leisure, Food and Beverage
Building Size (RSF): 17,000 SF
Sale Price: $925,000
Gross Revenue: $1,400,349 (Annual)
Cash Flow: $0 (Annual)
Last Updated: 7/30/2018

Overview / Comments

Located in the heart of East Texas near the I-20 corridor, this business is a staple of the local and regional community. With over 17,000 sq. ft. of space in a practically brand new facility, this venue hosts events of all types ranging from elegant weddings and large corporate and community luncheons, to private birthday parties and family celebrations. The event center can host up to 700 comfortably for a seated style meal, and can seat up to 1,000 people in a theater setting.

With a fully staffed and operational restaurant included, the business is also a private club catering to their monthly dues paying members. Located in a high traffic area with nearby accommodations, this business is a must see as an investment or for an owner/operator looking for a project of their own. With key staff in place, this business is built to operate in either scenario.

Additional Details

Industry Segment: Other Entertainment and Leisure
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Real Property
Value of Real Estate Included ($): $0
Real Estate Lease Description: The 17,000+ ft2 building boasts formal and informal dining areas, a lavish formal entry way, ample kitchen and storage space, dining, entry and event center bathroom facilities, ~8,500 ft2 of partitionable ballroom floor space with an additional ~2,000 ft2 of event staging and office space.
Competition/Market Description: Positioned in the heart of the East Texas Oil & Gas industries, this business could benefit from potential rebounds in the Oil & Gas sectors in the local and regional economies.
Seller Financing Description: Seller willing to finance a portion for qualified buyers.

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 1,583 3,043
Median Age: 44.09 40.43
Households: 670 1,228

Contact

Photograph of Listing Agent

Matthew K Marshall

Drake Real Estate & Investments GTAR Commercial Member
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