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Event Venue in Greater Sioux Falls Area



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Premier event facility in the Greater Sioux Falls area. This is one of the largest venues to host events of all kinds. The business chooses to focus on weddings. There is no on-site food preparation by the owners, but the venue has a good relationship with local restaurants and caterers. Events in 2024 and already booking into 2025 and beyond!

Ad#:2271519



Listed By: Josh Grode Wolters

Background information

Reference:

5401-18498

Year established:

2017

Reason selling:

Owner is relocating.

Finance

Sales:

$227,110

Profits:

$106,728

Operations

Employees:

3

Equipment:

Included in asking price $60,000

Inventory:

Included in asking price

Premises

Facility:

Lovely facilities that are highly sought after include a very large reception area with private suites for brides and grooms. A prep kitchen is available for outside vendors as well as a full bar.

Rent and lease terms:

N/A

Opportunities

Growth:

A bigger staff could accommodate larger, more elaborate events. Many weekday and off-season events could be added. Expanding add-on services and packages could increase margins. Drink prices are below market and could be raised to increase revenues. Bar minimums and rentals fees could be adjusted as they are currently competitive but slightly below market rates.

Price and terms

Price:

$170,000

Financing:

$85K down/$85K over 120 mos. @ 10%.

Training:

Will train for 2 weeks @ $0 cost.