Link Business

WORLD CLASS EVENT PLACE FOR WEDDING , DEBUT AND SPECIAL EVENTS

Listing: #OR00446

Augusto Soliman

Broker | Manila-Ortigas Center

Augusto Soliman

augie.soliman@linkbusiness.ph

+63 2 7900 8000

+632 917 813 9681


About this Business for sale in Marikina

WORLD CLASS EVENT PLACE FOR WEDDING , DEBUT AND SPECIAL EVENTS

          This elegant Event Place is occupying a total land area of 3,486 square meter in the eastern part of Metro Manila. It is managed very well by a family who started to developed the perfect venue for wedding ceremonies and other events like debut, birthday parties and the like.

          Majority of the business income is derived from the venues that are artistically designed to provide romantic events . This estate can accommodate big party celebrations from the choices of available venues from small function rooms to big ballroom type venue.

          Room Accomodations are available especially to wedding ceremonies that can provide

rooms  to the entourage, the bride and the groom on separate locations before the start of the wedding.

          The other services of this estate , which provide revenue of about 8% from the total revenue amount ,  include swimming pool, karaoke area , corkage , as well as Bed and breakfast accomodations.

           Recent assessments of the assets values were appraised , as follows:

  1. Land (3,486 sq meters)                           Php 49,519,000.00
  2. Structures/ Buildings                               Php24,706,001.54
  3. Land Improvement (Landscape area )  Php2,542,500.00
  4. Veranda (Bride’s room, Family room, and cocktail area)     Php 591,500.00
  5. Fountain Area                                           Php253,750.00
  6. Paved Area                                                Php1,420,000.00
  7. Furnitures, Appliances and Fixtures     Php 1,230,900.00

   With the above assessed values of the property assets, the new owner will already

 inherit around Php 80,263,651.54. The present owner would like to retire with their earnings because of health issues.

Manila-Ortigas Center
augie.soliman@linkbusiness.ph
+63 2 7900 8000
+632 917 813 9681

Augusto Soliman

Enquire Now

*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.