Wedding Venue
Feasibility Study
Wert-Berater, Inc. specializes in providing expert and reliable feasibility studies for Wedding Venue projects.
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Wedding Feasibility Studies
Event Venue Feasibility Studies
Conference Center Feasibility Studies
Our team of experienced professionals evaluates all aspects of the project to ensure its success – from project inception to construction and operations planning.
Choose us to help you make informed decisions for your Wedding Venue project.
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Book a meeting to interview us, ask questions and view samples of our work.
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Because of client project confidentiality, unfortunately we do not email samples to customers - Client Confidentiality is Sacred.
Wedding Venue
Feasibility Study
At Wert-Berater, Inc., we are experts in Wedding Venue feasibility studies, providing essential information to those seeking commercial loans through the SBA 504, SBA 7(a) and USDA Business and Industry Loan Guarantee Programs.
Our team of professionals is dedicated to delivering accurate and comprehensive evaluations of Wedding Venue properties, including detailed market analysis, financial projections, and site assessments.
With our expertise and attention to detail, we help clients make informed decisions about their investments and develop successful business plans.
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Whether your project is an expansion or new build Wedding Venue, we have the experience to provide a comprehensive Wedding Venue feasibility study that assist your decision making process and potential loan underwriting in compliance with commercial loan requirements.
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See our Experience Page for recent Wedding Venue Feasibility Studies completed around the nation.
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FAQs
How do we do it?
Wedding Venue Feasibility Studies are carried out by a careful evaluation as presented in the following Wedding Venue Feasibility Statement of Work which complies with loan underwriting requirements.
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We subscribe to reliable sources of data that are accepted by loan underwriters.
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Will my Wedding Venue feasibility study be accepted by my lender?
We are approved by a vast network of Lenders, and Commercial Banks.
Prior to ordering your Wedding Venue feasibility study, if your lender in not on our list, we are pleased to provide our Wedding Venue feasibility study consultant credentials including E&O Insurance, Sample Wedding Venue Feasibility Studies, references, and our resumes.
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How much does a Wedding Venue Feasibility Study cost?
Depending on the complexity of the project and the time needed to have a completed Wedding Venue feasibility study ready, the cost varies from about $6,500 to $10,000.
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How much time is needed for us to complete and deliver your Wedding Venue feasibility study?
This depends on our workload when you order your Wedding Venue feasibility study.
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RUSH orders cost extra, but can be completed in as little as 7-business days, providing you have the necessary items provided to us at engagement.
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Generally, Wedding Venue feasibility studies are completed in about 15 to 20 business days.
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What items do I need to provide to have a Wedding Venue Feasibility Study completed?
Our Wedding Venue feasibility studies are comprehensive and intended for loan underwriting purposes.
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We normally request the following items when you engage us for a Wedding Venue feasibility study:
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Parcel number(s)
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Land cost
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Site plan
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Building renderings
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Services to be provided list including your price list
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Project cost breakdown
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Land cost and when purchased or is it under contract
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Resumes for all owners with 20% or more interest
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Loan terms applied for including, interest rate and amortization
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Copy of your business plan including your projections
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Any appraisals
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Any environmental reports (if a purchase, continuance or reposition project, all Phase I or Phase II Environmental assessments
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If your lender has provided a Term Sheet, we would like to have a copy
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Other items you deem important
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Lender contact details
Wedding Venue Feasibility Study Statement of Work
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Executive Summary
Wedding Venue Feasibility Studies are designed to comply with commercial loan application requirements.
The Executive Summary includes the following items:
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Project summary concerning the planned improvements details and location
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Loan request details
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Project cost summary
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Conclusions and Recomendations
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Economic Feasibility
Wedding Venue Feasibility Study site analysis is a critical component of the project whether its of new construction, expansion or a repositioning project, a compete site analysis is completed summarized as follows:
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Information regarding project site including:
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Land area
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Site locator maps
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Zoning
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Flood zone
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Access and Road Service to the Site
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Utilities availability
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Availability of infrastructure
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Visibility
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Traffic counts
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Primary Market Area (PMA) Definition
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Competitive Market Area (CMA) Definition
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Neighborhood analysis
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Radius Demographic
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Job Growth
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Market Area Population Analysis forecast for 10-years
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Site analysis summary
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Conclusions
3
Market Feasibility
The market feasibility section for a Wedding Venue feasibility study includes the following items:
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National industry overview
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Primary Market Area Analysis (PMA
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Competitive Market Area Analysis
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PMA and CMA Competitive Analysis including existing, in-planning and under construction competitors
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Wedding Venue Rental Rates
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Wedding Venue Offerings and Rates
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Wedding Spending Distribution
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Weddings by Month
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Number of Guests
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Spending by Guests
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Travel Distance
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Competitive Landscape
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Attendance Demographics
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Usage Rates
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Demand Analysis
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Penetration Analysis
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Absorption Analysis
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Gross revenue estimates, including seasonality
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Conclusions
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Technical Feasibility
The technical feasibility study section for a Wedding Venue feasibility study includes the following items:
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Suitability of the selected site for the intended use including an environmental impact analysis
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Development and construction cost estimates
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Commercial Replication risks
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Regulation and Governmental Action
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Conclusions
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5
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Financial Feasibility
Financial Feasibility
The financial feasibility study section for a Wedding Venue feasibility study includes the following items:
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Pro Forma Assumptions
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Gross Potential Revenues
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Usage Rates
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Absorption
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Pro forma (10 years)
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Discounted Cash Flow Analysis (DCF)
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Internal Rate of Return (IRR) Analysis 3-, 5-, 7-, and 10-year hold
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Debt Service Coverage Ratio (DSCR)
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Sensitivity Analysis
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Breakeven Analysis
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Conclusions
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Management Feasibility
The Wedding Venue feasibility management feasibility includes:
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Summary of your experience and education, training for all owners with a 20% interest or more
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Ownership interest summary
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Availability of short-term credit
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Tax issues
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Company organizational chart
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Type of legal entity and information concerning its formation
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Conclusions
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Why choose Wert-Berater, Inc. for your Wedding Venue Feasibility Study and what sets Wert-Berater, Inc. from their competitors?
We are a small and focused firm that specializes in feasibility studies since 1998 having over 25-years of experience.
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We are lender underwriting report focused, thereby your lender will be provided with the appropriate third party assessment of your project.
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We understand the loan underwriting process.
Over the decades, feedback from lenders has helped shape our Wedding Venue feasibility studies to comply with underwriting demands.
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Moreover, we have experience in a wide array of markets and Wedding Venue types.
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We also evaluate competitor operating costs and refer to information provided by Reis, Inc., CoStar Group and Moody's Analytics.
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We also subscribe to platforms such as RMA (Risk Management Association), ArcGIS Business Analyst, and Dun & Bradstreet which provides us with localized competitor financial data.
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Our Wedding Venue feasibility studies are bankable feasibility studies mostly used for to support loan applications.
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