GOTTESMAN COMPANY &  Cooperating Intermediaries Seller Profile

United States, Canada & Europe Since 1985

America’s International Network of M&A Business Brokers

Acquisition Opportunity

S-1868 LB

Elegant Banquet Facilities for Weddings, Corporate & Social Functions

Business Description: This family owned firm, in business for 45 years is 26 years in its current location. There are 150-175 annual weddings. Banquets, social and corporate add another several hundred events. This is an area that can easily be expanded, especially with the addition of a third banquet room.  On six acres of land, this enterprise calls for construction of a four story hundred room hotel. Over the past several years over $600,000 has been spent on upgrades and lighting.  The chairs, and other furniture are insured for $2,000,000.

Operational Strengths:  This facility sits on prime highway arteries, is close to major metropolitan areas, and this enterprise draws upon this East Coast region’s most voluminous amount of weddings. A four story one hundred room hotel will be a profitable complement to the existing facilities. A third kitchen is available for outside catering that is not now in use, but easily implemented. A second banquet room for 600-700 seating will add, upon completion, immediate growth and revenue of 50% or more.

The Transaction: This business will be sold with our without the land, at Buyer’s option. The current owner will remain as employee for up to five years or longer, as desired by Buyer. This enterprise, is poised to move forward with near time business growth of 25-30%.

Financial Summary

  2017 Seller Forecast 2016 2015
Revenue 4,250 3,549 3,859
Adjusted EBITDA 525 354 536

Other Highlights

Location Financials Management Team in Place Years in Business SIC Classification
East Coast Reviewed Yes 26 5812

Direct All Inquiries to:
Gottesman Company
Refer to: S-1868 LB
Tel: 212-330-8010     Fax: 646-434-4557
E-mail: office@gottesman-company.com

7/31/17   

Gottesman Company – 200 East 71st Street – New York, NY 10021 www.Gottesman-Company.com

This document is confidential and contains proprietary information belonging to Gottesman Company. It is unlawful to reproduce or distribute without express written consent of Gottesman Company. No warranties or representations are made in connection with the information provided herein. Gottesman Company is an M&A Business Broker, whose mission is to locate opportunities and introduce participants.