Private Event Venue for Sale in Virginia Beach, VA
Why this business stands out
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.
Financing snapshot
An illustrative SBA 7(a) scenario based on the figures above. Model your own assumptions in the SBA loan calculator.
- Asking price
- $149,900
- Cash flow (SDE/EBITDA)
- $30,858
- Est. down payment (10%)
- $14,990
- Est. SBA loan (10yr @ 10.5%)
- $134,910
- Est. monthly payment
- $1,820
- Annual debt service
- $21,845
- Owner cash flow after debt
- $9,013
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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Frequently asked questions
How much does this entertainment & recreation business cost?
The asking price is $149,900. Exact terms and any seller financing are confirmed directly with the seller after you sign up.
What is the cash flow and valuation multiple?
This business reports approximately $30,858 in annual cash flow (SDE/EBITDA), implying a 4.9x multiple on the asking price.
Where is this entertainment & recreation business located?
It operates in the Virginia Beach-Norfolk-Newport News area. The exact city is shown after you create a free Searcher OS account.
Can this acquisition be financed with an SBA loan?
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.