This modern, versatile event venue in the Virginia Beach metro area accommodates weddings, corporate events, birthday parties, and private gatherings across a bright, open space that can flex to a wide range of group sizes and event types. The business operates with minimal staffing, as owners handle bookings and coordination while vendors manage setup and cleaning, creating a highly passive model. With an hourly and daily rental structure and $31K in SDE, this is an approachable acquisition for an owner seeking a lifestyle-compatible events business.
An illustrative SBA 7(a) scenario based on the figures above. Model your own assumptions in the SBA loan calculator.
Illustrative only — not a financing offer. Assumes a 10% down payment and a 10-year SBA 7(a) loan at 10.5%. Actual terms vary by lender, deal structure, and buyer profile.
The DSCR shown is computed on raw cash flow — before the owner-salary, maintenance-capex, and rent adjustments SBA lenders apply when underwriting. Model the lender's view in the DSCR calculator.
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The asking price is $149,900. Exact terms and any seller financing are confirmed directly with the seller after you sign up.
This business reports approximately $30,858 in annual cash flow (SDE/EBITDA), implying a 4.9x multiple on the asking price.
It operates in the Virginia Beach-Norfolk-Newport News area. The exact city is shown after you create a free Searcher OS account.
Many businesses in this price range qualify for SBA 7(a) financing, which can cover up to 90% of the purchase price over a 10-year term. See the financing snapshot above for an illustrative scenario.
