- List Price: $410,000
- Sales: $580,420
- Adjusted Income: $241,940
- Down Payment: NA
- FFE Values: 209000
- Inventory: 4000
- R.E. Value: NA
- Location: Utah
- Category: Personal Services
This beautiful reception center provides all the essentials for indoor and outdoor events — wedding receptions, luncheons, anniversaries, birthdays, etc.
The 7000 square foot center has a capacity of 600 guests. It is ADA compliant and is complete with bride’s room, groom’s room, family room, dining room, ballroom, parlor, greeting and sitting rooms plus beautifully landscaped outdoor areas and plenty of parking.
They offer a variety of event packages and they provide in-house catering from a fully equipped kitchen. Current deposits total approximately $31,000 and will fluctuate. Seller will retain a portion for acquiring the bookings and transfer the balance to buyer. The amount will be determined at time of sale.
The number of employees is determined by the season and is currently at 28 part time. The employees serve as hosts, caterers, servers, facility care, etc.
Owners retirement combined with health concerns is the reason for sale. Revenues in 2018 were slightly less than 2016 & 2017 due to the health issues. The property is available for an additional $2,390,000 — the stated financial information does not include a rent or mortgage expense so the purchaser will need to factor in the negotiated rent or mortgage payments.