Newly Established Event Management Company for Sale in Miramar Beach, United States

13,000 sqft concert and event center with full menu restaurant in a tourist market.
This Business is on a Premium Plan
Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
USD 1.2 million
EBITDA Margin
Operating at break even
Industries
Restaurants + 2 more
Local Time
3:48 PM Florida
Listed By
Business Owner / Director
Status
Active
Overall Rating
Full Sale
Asking Price: USD 3 million (Native Currency: USD 3,000,000)
Reason: The state govt is doing road construction work and that has slowed the business temporarily. The roa... View More
Includes physical assets worth USD 3 million
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Business Name
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Business Overview

- Company operates a live music concert hall with dance club and an in-house restaurant.

- We conduct 4-6 concerts on average per month.

- Apart from concerts we receive bookings from regional bands, and organize Wednesday night national comedy, Tuesday night trivia, and performance from local singers and songwriters.

- Music concert capacity depends on the seating configuration and it ranges from 500 to 1,800 people.

- Restaurant can accommodate up to 500 individuals.

- We are hardly breaking even due to slow business. This is because of the ongoing state govt road construction work.

- Buyer must be ready for one slow year and then the business would improve.

- Promoters have 28 years of continuous experience in this industry and have excellent contacts and history.

- Facility has 2 stages that includes outside and the main inside stage along with 2 state of the art sound systems for both outdoors and indoors.

- Business owns music systems, furniture, equipment, 6 COP Quota Liquor license that are only available by lottery and no more are available in the county at this time.

- Miramar Beach is in the Destin / Sandestin Florida area which is Midway between Pensacola and Panama city FL on the beautiful Gulf of Mexico on the "Florida Panhandle". We are on the Seascape resort with Beach Access.

- Willing to sell any 49% stake to complete sale of the business.

- Principal will stay and assist with entertainment and concert production as needed by new owner.

Products & Services Overview

Concerts, live music production, dance club, full menu restaurant featuring smoked meats (BBQ) and Florida Seafood.

Facilities Overview
Recent Activity
  • Earlier than 15 days
    Loan Agent, Columbia, Financial Consultant connected with this business
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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