Popular Destination Event Venue w/ Transferable Bookings & Deposits Through 2024

Here is an exceptional opportunity to purchase and run a business out of one of California’s Historical venues. Whether it be a concert, wedding, quinceanera or business event, this business can handle it all. This opportunity includes all of the equipment needed for these events. The seller has invested heavily in high-end sound equipment, lighting, displays, stationary and mobile bar, tables, linens, chairs and much more, valued at $500,000. Additionally, the business comes with a liquor license and attached catering license valued close to $185,000 with that value only set to increase with changing requirements for new licenses by the end of 2023.

Buyer will receive all deposits from bookings through the end of 2023 and several already booked in 2024. This venue frequently has well-known celebrities booked for shows and concerts and this will allow you to interact with Hollywood Elites. This venue is located in the heart of one of California’s top tourist destinations. With the seller’s attention to detail and focus on maintaining top tier elegance to his facility, this is usually the first thought for upper scale locations in this area. There are several different revenue streams that the seller has elected not to implement that the buyer could easily take advantage of.

A buyer will have the ability to capitalize on more bookings that the seller has intentionally elected not to pursue due to other career obligations. The theater is presently kept at a 40% booking capacity. The theater would be booked up to 70% capacity if he did not elect to decline reservations from interested shows/events. With minimal marketing, the buyer could focus on increasing the remaining unfulfilled available dates.

The well-renowned theater, community driven, just had its 100 year anniversary. The buyer can carry on traditions and a legacy for years to come.