Do you want to start a wedding venue business by buying a franchise? If YES, here are 3 best wedding venue franchise opportunities for sale and their cost.
It is on record that around 2.3 million couples wed every year in the United States, and the average cost of a wedding reached an all-time high of $32,329, according to The Knot 2016 Real Weddings Study, which surveyed 13,000 brides and grooms across the United States.
With this amount of weddings going on in the united states every year, any business that is involved in the value chain of the wedding industry would not lack for clients. It is a fact that one of the things that take up a major chunk of the wedding budget is the wedding venue.
Wedding venues are reception areas where couples entertain their guests. Wedding reception or venues are typically high net worth businesses and any entrepreneur willing to cough out that amount of money would love it if his or her business takes off immediately.
One of the ways you can ensure that your business hits the ground running is to buy the franchise of an existing, unique and successful business that rents out wedding venues to couples who are about to tie the knot. Because wedding venue rental businesses are high net worth businesses, there are not a lot of businesses offering franchise in the industry.
If you are interested in buying the franchise of a successful wedding venue rental business, we have provided you the few that are quite successful in the United States.
3 Best Wedding Venue Franchise Opportunities for Sale and Their Cost
1. Crystal Rose Franchise Inc.
Crystal Rose Franchise Inc. is one of the leading wedding planning companies in the United States of America that also rent out a delectable wedding venue to couples who are about to tie the knot. Crystal Rose Franchise Inc. was founded in 1987 and they have been franchising since 2008. The company has their corporate head office at 636 Lookout Mountain Rd. Golden, CO 80401 and the current CEO of the company is Jay Byerly.
Crystal Rose Franchise Inc. offers in-house financing to cover franchise fee, startup costs, equipment, and inventory, and also they have relationships with third-party sources which offer financing to cover franchise fee, startup costs, equipment, and inventory.
They are currently seeking new franchise units from all across the United States of America and from interested investors all over the world.
- Initial Investment – $50,000 – $200,000
- Net-worth Requirement – $100,000
- Liquid Cash Requirement – $50,000
- Initial Franchise Fee – $30,000 – $30,000
- Ongoing Royalty Fee – 6%
- Crystal Ballroom
Yet another franchise business that offers rental of wedding venues in the United States is Crystal Ballroom. The passion of design and decor is at the heart of the Crystal Ballroom objective, and the company offers the most exquisite event venue design services available throughout all of Florida.
The company offers the flexibility of your choice of any vendor, and they do this at no additional charge to the client. The company also allows couples who want to use their venues to hire outside restaurants and family chefs if they so desire. To even further complement the flexibility of cuisine choice, they offer a service to manage your cuisine for you; and they call it the Buffet Manager.
The Crystal Ballroom creating amazing wedding designs, providing extraordinary service, providing amazing party lighting, always captures the ambience and mostly goes above and beyond to be flexible, in many ways, and cater to you, as a unique individual, plus the fact that they are quiet affordable. If you want to buy a franchise with this company, you would have to go through their website and fill a form.
- The Event Factory
The Event Factory is a full service banquet facility that is used for hosting Weddings, Quinces, Sweet 16’s, Children’s Birthday Parties, Baby Showers, Bridal Showers, Corporate Meetings, Holiday & Christmas Parties, Proms, Homecomings, Bar & Bat Mitzvahs and Anniversaries!
The company specialize in providing complete packages that include: The Magical Venue, Food, Photography, Video and Disc Jockey Services. Clients are allowed to choose from two ballrooms, each with their own ceremony area and pre-function space. The venues are both over 50,000 square feet of decorated event space.
Event Factory Franchises are available in three basic ballroom packages; The Swan Ballroom Studio Package requiring apx. 15,000 square feet, The Castle Ballroom Studio Package requiring apx. 30,000 square feet and the combination of both together which requires apx. 40,000 square feet. Each package is available in either a Do-It-Yourself build-out level or a Turnkey Package. Both single location and multi-unit territories are also available.
- Initial investment – $267,000 to $548,000
- Initial Franchise Fee – $49,000
- Interior Construction – $50,000 – $150,000
- Minimum Expenses – $267,250 – $548,750