WORLD CLASS EVENT PLACE FOR WEDDING , DEBUT AND SPECIAL EVENTSListing: #OR00446
About this Business for sale in MarikinaWORLD 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:
- Land (3,486 sq meters) Php 49,519,000.00
- Structures/ Buildings Php24,706,001.54
- Land Improvement (Landscape area ) Php2,542,500.00
- Veranda (Bride’s room, Family room, and cocktail area) Php 591,500.00
- Fountain Area Php253,750.00
- Paved Area Php1,420,000.00
- 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.
+63 2 7900 8000
+632 917 813 9681
*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.