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Listed by:

Colliers International

Reception Center In Davis County For Sale

Davis County, Utah
Asking Price:
$410,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$580,420 (USD)
Cash Flow:
$241,940 (USD)

This beautiful facility providing 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.

Property information

Real Estate:

Real Property Included

Premises Details:

7,000 sf on approx. 1.4 acres

Business Operation

Reasons for selling:

retirement

Trading hours:

Tu-Fri 10am-5pm; Sat 10am-4pm

Employees:
28 part time
Years established:
1974

Other Information

Support & training:

10 hours a week for 8 weeks

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

some seller financing is negotiable for a qualified buyer.

Furniture / Fixtures value:
$209,000 (USD) - included in the asking price
Inventory / Stock value:
$4,000 (USD) - included in the asking price

Contact Information

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