This popular Texas Hill Country Wedding Venue is everything you would want in a wedding venue, beautiful Real Estate, a historic location, commercial kitchen, and there is a small team in place that handles many of the event details.
This venue has consistently demonstrated steady bookings year-round for the past decade and has many upcoming weddings contracted on the books well into the future.
There are two options to consider in purchasing this business. The first option is to purchase the business and lease the real estate (which includes multiple buildings, such as a ceremony building, reception hall, short-term rental houses, and more). The second option is to acquire the business and the real estate.
Revenue in 2022 was just shy of $1M at $950K with SDE of $307,000, with an asking price of $1M. The SDE for the business was calculated by subtracting $180K out for rent to take into account the approximate expense that a new owner would have if they were leasing the real estate in it’s entirety.
If you consider purchasing the Real Estate along with the business, SDE would be $487K.
Currently, the business is solely focused on weddings, but there is an opportunity for a new owner to modernize the company’s website and marketing presence and offer mid-week retreats, corporate events, specialized catering, event coordinating, or other additional services.
Bison Business LLC (“we,” “our,” “us”) will be furnishing you confidential information pertaining to one or more businesses we represent (“the Business”). As consideration for obtaining this information including but not limited to a confidential business review (CBR), financial documents, employee information and other trade secrets, you agree that:
All verbal or written information furnished to you pertaining to the Business will be confidential. For a period of five years from the signing date, you will not use this information to compete against the Business, nor will you disclose it to any person(s) or entity(ies) other than those assisting you in its evaluation for the sole purpose of your potential acquisition.
Unless we agree otherwise in writing, you will not contact the Seller, nor will you contact any of the Business’s employees.
If you decide that you do not wish to pursue an acquisition, you will advise us of this, return all information furnished to you, and delete all electronic copies.
If you negotiate with the Seller to purchase or lease the Business or its Assets without our involvement, you will be responsible for paying our full commission and associated damages.
You acknowledge that we represent the Seller, and that all information concerning Seller’s Business and Assets, whether furnished before or after the execution of this Agreement, was and is supplied by Seller to us, and that we have not made nor do make any warranty or representation as to the genuineness, accuracy, and truthfulness of any and all information of the Business. Bison Business makes no guarantees regarding the future value of the Business, and acts merely as a conduit for information between Seller and you.