Commercial Real Estate in Massachusetts available for sale
Wedding Venues For Sale

Wedding Venues for Sale in Massachusetts, USA

More details for 51 Ellis Rd, Westminster, MA - Sports & Entertainment for Sale

Westminster Golf & Country Club - 51 Ellis Rd

Westminster, MA 01473

  • Wedding Venue
  • Sports & Entertainment for Sale
  • 24,500 SF

Westminster Sports & Entertainment for Sale - Outlying Worcester

Westminster Country Club is an 18-hole regulation-length golf course that appeals to local golfers in north-central Massachusetts. This has been a family-run semi-private golf course since 1957. The property is made up of nine parcels totaling 134 acres. Current improvements include a 16,700-square-foot clubhouse with restaurant and banquet faculty, a 3,300-square-foot pro shop, a 3,150-square-foot maintenance building, and a 1,350-square-foot cart barn. The subject property has several vertical improvements which facilitate the country club and golf course. These include a 16,700 gross square clubhouse, a 3,330 gross-square-foot pro shop with garage, a 3,150 gross-square-foot maintenance building, and a 1,350 gross -square-foot cart barn. These square footages were obtained from the town assessor’s website. The clubhouse is a one and two-story wood frame structure built in 1940. The roof is a flat and hip/gable configuration with asphalt shingles. The first floor of the clubhouse includes a banquet hall that seats up to 225 people; a separate restaurant area that seats 108 people; a full-service kitchen with a walk-in freezer and cooler; restrooms; an enclosed patio and offices. The second level includes an additional bar area currently designated for golf members and men’s and women’s locker rooms. There is a small patio area on the second level. The pro shop is located next to the clubhouse. This is a wood frame structure built in 2003 and divided into two spaces. According to public records, 1,794 square feet is built out as the pro shop and 1,536 square feet is an unfinished garage/storage space. The maintenance building is a 3,150-square-foot steel frame metal warehouse built in 1996. The space is divided into two sections and primarily stores the maintenance equipment for the course. Above-ground fuel tanks are located at the side of the building. Located adjacent to the maintenance building is the golf cart storage building which has 1,350 square feet built in 1982. HVAC units are located on the roof of the clubhouse. Of the 134 acres, a 110-acre area of the Westminster Country Club is classified as 61B private recreation limited protected land. This designation of private parcels restricts the use of land in exchange for a significant reduction in taxes. Under this designation, the land cannot be converted to residential, industrial, or commercial use. Land may be taken out of this classification by notifying the Town and paying back taxes plus a withdrawal penalty tax. In addition, if Chapter 61 lands change use or are put up for sale, the town has the right of first refusal. This provides an opportunity for towns to purchase valuable open space or recreation land, thereby preserving the community.

Contact:

Rabican Companies, Inc

Property Subtype:

Golf Course/Driving Range

Date on Market:

2023-08-11

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More details for 85 Stockbridge Rd, Lee, MA - Hospitality for Sale

Historic Berkshires Inn & Estate,+ Owner Home - 85 Stockbridge Rd

Lee, MA 01238

  • Wedding Venue
  • Hospitality for Sale
  • $5,439,748 CAD
  • 18,506 SF
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More details for 1508 Main St, Agawam, MA - Retail for Sale

1508 Main St

Agawam, MA 01001

  • Wedding Venue
  • Retail for Sale
  • $587,082 CAD
  • 2,924 SF
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More details for 175 Bridge Rd, Salisbury, MA - Hospitality for Sale

Guest House Suites & The Slip Lounge - 175 Bridge Rd

Salisbury, MA 01952

  • Wedding Venue
  • Hospitality for Sale
  • $6,841,081 CAD
  • 37,298 SF
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More details for 910 Cold Spring Rd, Williamstown, MA - Hospitality for Sale

1896 House Inn & Country Lodgings - 910 Cold Spring Rd

Williamstown, MA 01267

  • Wedding Venue
  • Hospitality for Sale
  • $5,268,686 CAD
  • 37,663 SF
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More details for 615 Laurel St, Lee, MA - Hospitality for Sale

Lakehouse Inn - 615 Laurel St

Lee, MA 01238

  • Wedding Venue
  • Hospitality for Sale
  • $4,925,195 CAD
  • 11,945 SF
  • Smoke Detector

Lee Hospitality for Sale

The Lake House Inn was operated as a modest Bed & Breakfast Inn for decades before undergoing an extensive “stem to stern” renovation and restoration in 2015 – 16 by previous owners. That renovation set the stage for the current owners to completely refurnish the inn in 2022 through early 2023 and reposition it in the market as a high end, luxury inn in 2023. Current owners capitalized on the fabulous, lakefront setting by adding the Oasis Bar & Grill, an outdoor dining and live music venue with a 5000 sq. ft. terrace overlooking the lake and spectacular sunsets. The Oasis Bar & Grill is a smash hit with locals and tourists alike. The Oasis Bar & Grill is a smash hit with locals and tourists alike. The Oasis Bar & Grill is a seasonal, outdoor restaurant that was operated Thursday – Saturday from May through the summer and early fall of 2023. Gross food and beverage sales if open five days a week seasonally are projected to gross $500,000. Annual gross lodging sales under previous management were $300,000 to $500,000. Annualized gross lodging sales for 11 months in 2023 since being relaunched February 1, 2023 were $806,192. YTD gross room sales as of June 2024 were $500,000. Gross sales for 2024, the current owners’ first full year in business, were $813,833. Gross lodging sales in 2023 were $684,419. Gross lodging sales in 2024 were $811,749. The Occupancy Rate in 2023 and 2024 was 46.32% and 51.57% respectively. The Average Daily Room rate in 2023 and 2024 was $315.98 and $308.06 respectively. This resulted in an adjusted NOI in 2023 (11- month start-up year) and 2024 of $14,234 and $102,777 respectively. Projected Gross Sales for 2025 are $841,916 (assumes no income from Oasis) resulting in a projected adjusted NOI of $257,000 based on cost cutting measures put in place in the 4th quarter of 2024 and increased revenue.

Contact:

East Coast Inn Brokers

Property Subtype:

Bed and Breakfast

Date on Market:

2024-07-31

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More details for 35 State Rd, Phillipston, MA - Hospitality for Sale

King Phillip Restaurant & Motel - 35 State Rd

Phillipston, MA 01331

  • Wedding Venue
  • Hospitality for Sale
  • $2,086,947 CAD
  • 5,000 SF
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More details for 700 South St, Pittsfield, MA - Office for Sale

700 South St

Pittsfield, MA 01201

  • Wedding Venue
  • Office for Sale
  • 140,000 SF
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More details for 885 Washington Mountain Rd, Washington, MA - Hospitality for Sale

Mountain Meadow Estate - 885 Washington Mountain Rd

Washington, MA 01223

  • Wedding Venue
  • Hospitality for Sale
  • $2,394,857 CAD
  • 9,018 SF
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More details for 1076 Roaring Brook, Conway, MA - Specialty for Sale

1076 Roaring Brook

Conway, MA 01341

  • Wedding Venue
  • Specialty for Sale
  • $1,026,367 CAD
  • 6,606 SF
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Wedding Venues For Sale

Wedding Venues

What is a wedding venue?

A wedding venue is typically a large building, or sometimes an open-air site, that is available for weddings and wedding receptions. These venues are typically all in one solution for your wedding with a large ballroom or banquet hall. Often the entire property is yours to use for your wedding.

Weddings continue in popularity around the world and there is a growing market for venues that can provide you with a complete service from ceremony to dinner to dancing all under one roof.

What types of wedding venues can purchase?

There are several types of properties that can be wedding venues that you could buy, including:

  • - Country Club
  • - Castle or Manor House
  • - Small exclusive Hotel with ballroom and restaurant facilities
  • - Boutique hotel with wedding facilities
  • - Private Mansion House
  • - Exclusive vacation resort or retreat
  • - Historic site
  • - Anything in between

Typically, zoning regulations and capacity limits may limit the number of people on property, so make sure to check with your local broker to get more information.

What is the difference between a wedding venue and a banquet hall?

A banquet hall is typically a large space for holding catered events, like weddings or conventions. A wedding venue on the other hand, is not just a big room capable of seating lots of people. Wedding venues are typically complete packages with all the amenities you need for a wedding. Wedding venues also specialize in just weddings so they have the expertise to provide everything a wedding needs.

What should be considered when purchasing a wedding venue?

Location: Ensure that there is proper demand for the area and that the actual location is accessible during as much time of the year as possible.

Capacity: Be sure that your venue will accommodate the number of guests you plan to be able to handle.

Amenities: Ensure that the venue has all the amenities you are looking for. This includes space for a dance floor, proper commercial kitchen, grounds for outdoor portions of the wedding, and accommodations for the bridal party.

Facilities: Carefully consider what types of event can be hosted at your proposed location. Focusing on just weddings is a specific business decision, but having flexibility in your facilities may allow for additional revenue during less popular times of the year.

What other considerations are there when purchasing a wedding venue?

Insurance, taxes, and cost of utilities are other factors to keep in mind as wedding venues work year-round and should accommodate all kinds of weather and timing of events.

Many people who are interested in purchasing a wedding venue have already run other types of businesses like a restaurant or catering service. This may be particularly helpful when considering buying a wedding venue since you already understand what it takes to run a business in that service industry.

Reach out to a local broker to get a better understanding of the market for wedding venues in your area.

 

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