Headquartered in Central Florida, this ice bar is a unique event planning organization with a retail platform located in a prime tourist location. As a private venue, the company hosts events for Fortune 1000 and other corporate customers. Over the last four years, the cumulative revenue breakdown follows: 48% corporate / 52% bar.

Key Aspects
· Prime location on International Drive, ½ mile from convention center
· Investment of $250K in priority triple redundant system to protect the ice (last 32-36 months) and reduce operating costs
· High capital investment creates barrier to entry
· Attractive lease rates obtained; approx. 50% under market
· Top 20 nightlife venue in Orlando as ranked by Trip Advisor
· Key management in place
· No long-term debt associated with the business
· Sophisticated corporate event offerings include in-house catering and access to audio-video equipment
· Focus on Fortune 1000 clients

Real Estate
· Two facilities comprising 7,400 sq. ft. in total are leased from a nonaffiliated third parties. The two facilities consist of the venue location and an office/warehouse location with 17-year lease options. Lease agreements can be negotiated in the event of a sale.

Shareholder/ Owner Objectives
· Two owners, approaching retirement and looking to exit the business. They are able to remain with the company after the sale for a reasonable amount of time to ensure the company's smooth transition into new ownership.

Posted Oct 4, 2016

Did you know that social networking is a great way to buy a business? Sign up now and we'll show you how.

By clicking "Sign Up" you confirm that you accept the Terms of Use and Privacy Policy, including cookie use.

Disclaimer: MergerNetwork has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.