JV Partners Wanted – Banquet Hall & Entertainment Venue

May '25 • Deals

Hey Acquisition Community,

Under LOI to acquire a turnkey, 500-seat banquet hall + bar + gaming facility on 7 acres in Thomson, IL—booked 12 months out.

Quick Snapshot

Purchase Price: $1.3 M

Annual Revenue: $350K

Estimated NOI: $171.5K (13.2% cap rate)

Equity Needed: $130K (10% down)

Seller Financing: 5% I/O • 5-year term • balloon payment

Expected Close: July 2025

💡 Value-Add Upside

Tiny-cabin lodging or glamping on unused land

Premium event packages (weddings, corporate retreats)

Gaming expansions (e-sports nights, live entertainment)

Local tourism partnerships to drive group business

🤝 What We’re Looking For

Equity Partners for the $130K slice (18–20% preferred returns)

Bridge/Mezzanine Lenders for short-term financing (~$50K)

🔧Operational Partners to co-manage and share upside

🚀 Next Steps

1. DM for the one-page Snapshot.

2. Comment below or DM for full pro-forma, term sheet & site-visit details

3. Join us for an on-site tour next weekend

This deal closes by July 2025—opportunities like this don’t wait. Let’s build something great together!

— Jonah Sleweon

Managing Director, Vasto Acquisition Group

📱 651-313-2163 | ✉️ [email protected]

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