According to The Wedding Report, “The total number of weddings in Alabama in 2022 was 39,691 and Alabama ranks 22 out of 51 States in number of weddings.” Every year in the United States, there are approximately 2.5 million weddings. The United States wedding industry was estimated to be worth about $70.5 billion as of 2022. – Wikipedia. With numbers like this it’s no wonder that so many entrepreneurs consider owning a wedding venue. Target Auction has an incredibly unique wedding venue coming up for auction on Feb. 12th at 8am CST. Keep reading for starting bid, wedding venue auction infor, images and contact information: Birmingham Alabama Wedding Venue For Sale, Gabrella Manor
Buying a turnkey wedding venue is a challenge due to the asking price often being far above comps & reasonable valuation. Building a wedding venue is incredibly risky because you never know when your county might turn on you & approve zoning and permit changes that make it impossible for your newly built venue to open or become profitable. This is why a wedding venue auction is enticing to wedding venue investors, it’s a rare opportunity to purchase a wedding venue for far less than cost than a typical sale. Below you will find all the information on the upcoming wedding auction for Gabrella Manor in Birmingham Alabama. The information below was written and provide by Target Auction. WeddingVenueOwners.com does not receive commissions or fees for providing these listings, please do your due diligence & research as you navigate the pros and cons of buying a venue. If you have a property for save or you are searching for a wedding venue to buy, contact didi@weddingvenueowners.com, again, there are no fees or commissions required to list your property here. Birmingham Alabama Wedding Venue For Sale, Gabrella Manor
We are thrilled to present a rare and lucrative opportunity for aspiring entrepreneurs or seasoned investors in the thriving wedding industry. Gabrella Manor, a renowned & successful full-service wedding venue, is being offered as a turn-key investment with immediate cash flow, seamlessly transitioning all existing bookings and clientele to the fortunate new owner.
Conveniently situated just north of the Birmingham airport within city limits, Gabrella Manor occupies a sprawling 5-acre estate. The property features a vintage and elegant 1938 Spanish Colonial Revival home, historically known as The Bundy House is adorned with terra cotta roof & turreted entry way with patios and terraces. Interior features large rooms designed for entertaining, murals and stained-glass windows throughout, a grand staircase, arches and columns, tile flooring and artistic tile scenes in fireplaces. Adjoining the home is an event pavilion, a charming arbor, a romantic courtyard, and ample on-site parking. The captivating natural landscape provides the perfect backdrop for unforgettable events.
Behind the scenes, Gabrella Manor boasts numerous workspace areas, fully equipped kitchens, and abundant storage areas, ensuring the seamless execution of successful events. The property has been under the same ownership for an impressive 26 years, a testament to its enduring success and impeccable reputation.
This is a unique opportunity to acquire a well-established business and income-producing property. The sellers are willing to stay on for a period for transition and training to add even more value to this purchase.
ONLINE AUCTION – February 22nd at 11:00 am CT. Starting Bid $625,000. Please contact the auction company for questions and visit target auction dot com for more details. Thursday, February 22nd at 11:00 am CT, 8912 4th Ave S, Birmingham, AL 35206, Start: Feb 12 @ 8:00am CST, End: Feb 22 @ 11:00am CST. Link to Target Auction Site: https://www.targetauction.com/auctions/detail/bw109653
Starting Bid – $625,000
Parcel # – 23 00 02 4 011 001.000 and 23 00 02 4 010 001.000
2022 Taxes – $6,653.26
Year Built – 1937
Beds/Baths/SF – N/A (6,000+)
Agents are welcome. Twelve percent buyer’s premium. ALAU #5060.
Property Tours: February 7, 11, 14, 17, 21 from 10 am until 3 pm CT. An appointment is REQUIRED. Please call 800-476-3939 to schedule your viewing time.
Terms: A 12% Buyer’s Premium will be added to the final bid to determine the Total Contract Price paid by the Purchaser. Our contingency-free contract must be executed by the purchaser immediately following the auction. The purchase terms are a 10% non-refundable down payment due by 4:00 pm CT the following day with the remaining balance due within 30 days.
QUESTIONS? Call 800-476-3939.
