BALLROOM, EVENT CENTER. WEDDING, CORPORATE

BALLROOM, EVENT CENTER. WEDDING, CORPORATE

Listing Information

Type of Business: EVENT CENTER, WEDDINGS, CORPORATE
Location: DOWNTOWN PDX
Asking Price: 50,000
Gross Sales: 825,000
Cash Flow: 206,000
Square feet of Building: 10,000
Training: YES
Owner Contract: YES TO RIGHT PERSON
Property included: NO
Inventory: INCLUDED
Year Established:

Listing Summary

 

THE ELYSIAN BALLROOM

 

Event venue business for sale. INCREDIBLE OPPORTUNITY Mostly weddings but a very healthy holiday corporate business as well.

Located in downtown Portland across from Nordstrom. The Elysian Ballroom in the Pythian Building. TURNKEY EVERYTHING IS HERE.

Chivari chairs, linens, tables, china, glassware, silverware, bar ware, refrigerators, hot boxes, chafers, carving stations.  This business can be up and running in a few days

10,000 sq ft with 2.5 years left on the lease. Option to renew for 5 to 10 years. Closed now and seller will keep up the rent payments till you take over in September. Owner is selling the operation for only $50,000 and will carry a note for the right person. FF&E plus inventory is included at a value of $250,000. Owner had to return $80,000 of deposits when the coronavirus hit. The vast majority of clients already have all their plans in place with completed Banquet Event Orders and many will rebook as long as their packages/menus are honored when the event ban is lifted.

No onsite kitchen so this is perfect for an established cater. Who wants to increase revenue.  Seller makes over $200,000/yr. Training included.  Sit down capacity is 200 people. Party capacity is 350 people Rent is $16,900/mo. and that includes all utilities. Long time established for 8 years. A Church rents the event center on Sunday morning for $6,000 a month.

 

Five star rating on Wedding Wire   https://www.weddingwire.com/biz/the-elysian-ballroom-portland/e1d75f1fc7422737.html#profile

 

https://www.facebook.com/search/top/?q=the%20elysian%20ballroom

http://elysianballroom.com/