Successful Wedding and Event Venue in OC -$1.68 Million Revenue

Garden Grove, CA (Orange County)

Seller Financing Available
Wedding Venue (Customizable)
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Asking Price: N/A

Cash Flow: $1,688,000

Gross Revenue: $1,688,000

EBITDA: N/A

FF&E: $100,000

Inventory: N/A

Rent: $22,920 per Month

Established: 2010

Successful Wedding and Event Venue in OC -$1.68 Million Revenue

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Business Description

Strong Revenue and Net Income Even During COVID + Govt Contracts

Mon Cheri is a trophy luxury Wedding, Event, and Catering Venue that has proven substantial revenue and net income figures for 10 years. This is one of the strongest and most transparent businesses that are available on the market as they can show a calendar of future events and existing government contracts. The venue consists of a large reception hall and large catering kitchen. The reception hall is very versatile and can be easily used for corporate events, private events, seminars, and many other high capacity uses. This venue has also been proven to be even stronger during a pandemic as it has a large enough kitchen to take on large government contracts that are almost guaranteed income. Mon Cheri has a below market lease in place. Seller rarely has to be onsite (this business could be run remotely). The city allows for 300 guests but capacity is about 500 guests. This will come with two types of liquor licenses—47 and 47A. Email for more details. NDA Required.

Detailed Information

Location:
Garden Grove, CA
Real Estate:
Leased
Building SF:
8,000
Lease Expiration:
3/31/2023
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Beautifully renovated turnkey facility with high premium finishes. All furniture, fixtures, and equipment will be included in this sale. All kitchen equipment will also be included.
Competition:
Limited competition in the market and COVID removed a lot of competitors who could not survive. This business endured and was actually more successful during COVID.
Growth & Expansion:
-Government Catering Contracts -Increase General Catering Contracts -Increase Filming & Events -Increase Marketing Exposure - Currently Mostly Word Of Mouth
Financing:
Subject to terms and buyer's financials.
Support & Training:
Full support and training will be offered to the buyer.
Reason for Selling:
Seller wants to retire as she is getting older.
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Business Listed By:
Eon Lew

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