REEVES-WALKER HOUSE

Where Old meets New at a very special event venue

THE PROPERTY

THE PROPERTY

LOCATION

v Less than three miles from

downtown

v Trendy Fairmount Historic

Neighborhood

v On main thoroughfare so as not

to intrude upon neighbors

2200 HEMPHILL ST

v  Built in 1908. Turned commercial in 1967.

v  Historic Landmark (state and national)

v  9,000 square feet

v  1.2 acres of land with parking, house and carriage house

v  3rd floor ballroom

v  New roof, renovated HVAC, new parking lot, meticulously maintained

THE MARKET

v  49,500 marriage licenses issued in 2011

v  300 venues in D/FW

v Census data shows 750,000 potential brides in D/FW

v Authentic, Vintage, Exclusive, Customized, Full-Service Venues

v Corporate, non-profit, and other social event capabilities

THE DIFFERENCE

v Turnkey service •  Subcontract catering, rentals, valet, and more •  Dedicated event planner for your event •  “Five Star” treatment with a casual, “at home” approach

v  Inclusion of tables, chairs, and basic linens with use of ballroom

v  Inclusion of tent for outdoor receptions (built into price)

v Ability to customize and “bend the rules” for each event

ON SITE CEREMONIES

SPEND THE DAY

THE TEAM

v Angela Dupont, ABC, CPCE •  13 + years experience •  Events from 2 to 250,000 •  Leadership and Involvement in Industry •  Investment in education •  Extensive feasibility research •  Garnered support in city, neighborhood, and

industry •  Majority LLC member owner – 80%

THE TEAM

v  Sarabeth Quattlebaum, CWP •  8+ years experience •  Degree in entrepreneurship •  Advertising/Marketing in wedding industry •  Leadership in local associations •  Family that can assist with operations •  Access to capital •  Minority LLC member owner – 20%

THE NUMBERS

-50000

0

50000

100000

150000

200000

250000

300000

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36

Revenues

Income Capital Investments & Improvements

Weddings!

Too Hot

Weddings, holiday & corporate

New Kitchen

Weddings & more!

Recovering Costs & Profit Increases

Improvements

$

Months

THE NUMBERS

Projections Y1 Y2 Y3

Annual Gross Income $192,500.00 $1,251,250.00 $2,502,500.00 Annual Operating (Wages & Capital) $48,080.50 $190,636.25 $178,717.75

Annual Expenses $225,839.04 $1,175,900.77 $2,110,896.64

Annual Pre-Tax -$33,339.04 $75,349.23 $391,603.36

Annual Income Tax $240.38 $14,841.90 $79,659.22

Annual Net -$33,579.42 $60,507.33 $311,944.14

THE INVESTMENT

v Asking price after renovations = $1,850,000 •  (was $1,300,000)

v Estimate actual sales price of $1,600,000

v Community Bank / SBA loan requires 20% down and personal

guarantee from investor = $320,000

v Equity ownership in property

REEVES-WALKER HOUSE

Thank You!