Wedding – Event Venue with Real Estate

Price: $895,000

Location: Collin County, TX

Industry: Entertainment and Recreation

Listing ID: 42060360

Listing Status: New

Description

This Wedding & Event Center is a beautiful 2,000 SQ. FT. cottage on an acre that is full of rustic elegance and Texas charm. It has a 1,360 SQ. FT wrap-around porch with seating and tables for dozens of party-goers. The upstairs contains separate Bride and Groom quarters and the Bridal Suite. The kitchen is fully equipped for preparing and serving meals and drinks for 150 people. It also has a newish 520 SQ. FT. detached 2-car garage. There is a small apartment on the property that an owner may wish to reside in.

Outside there is a ceremony gazebo adjacent to a 2,400 sq. ft. party tent that was brand new in May of 2022. There are huge front and back yards to enjoy and sit for dining and drinks.

Bluebird is not just a Wedding venue. They host birthday parties, anniversary parties and other events of all kinds. Unfortunately, the owner has recently suffered a debilitating injury that will prevent her from walking for the next 18 months. So she has converted the event center into essentially a self-service business. She now offers reduced pricing for customers to plan and manage their own event. She supplies the facility, tables, chairs, kitchenware, and the upstairs suites if desired. And the customer actually manages the catering, music, preparation, cleaning etc. It is working very well, but of course a new owner may want to revert back to full-service type of operation.

This property is very close to Downtown McKinney and conveniently located on a paved road just north of University Avenue. It is a very popular wedding and event locale, and a new operator with a passion for this business should do very well. Excellent SBA financing is available with good credit and a small down payment.

LISTING DETAILS

Down Payment: $225,000

Total Sales: $110,975

Cash Flow: $55,378

EBIT: N/A

EBITDA: N/A

Accounts Receivable: N/A

FFE: $60,000

FFE Included: Yes

Inventory: $1,000

Inventory Included: Yes

Operation

Year Established: 2021

Non-Owner Payroll: N/A

Location

Real Estate: $700,000

Real Estate Included: Yes

Monthly Rent: N/A

Type of Location: Wedding Event Venue

Square Footage: 2000

Summary

Reason For Sale:

Seller is unable to work in the business

Training & Support:

Seller will assist with transition

For more information on this listing, please complete our Non-Disclosure Agreement
LISTING OWNER