Events Center Business

Events Center Business Success Stories [2024]

Pat Walls

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Updated: October 7th, 2024

An event venue is a privately owned space to host events, private receptions, parties, and similar public performances. Since the Covid-19 pandemic, people have preferred hosting events in private spaces, a trend that has spiked the demand for private event venues.

Therefore, opening an events venue can be a lucrative business opportunity. Your best market is probably within areas marked with a larger population, such as urban locations. Define your target market and come up with a complete business plan.

In this list, you'll find real-world events center business success stories and very profitable examples of starting a events center business that makes money.

1. Ancient Lore Village ($6M/year)

Tom Boyd, an experienced entrepreneur, came up with the idea for Boyd Hollow Resorts after witnessing intolerance and hatred during his son's campaign for governor. He decided to change the direction of his book and wrote about a place where people could live together in peace and happiness. To test this theory, he decided to build a village called Ancient Lore that would serve as a 5-star boutique resort and event center. The uniqueness of the village has garnered substantial press and early financial success, with over 200 inquiries for events before its official opening in January 2021. Boyd's goal is to build seven more villages over the next five years, with a projected combined income of $76 million.

How much money it makes: $6M/year
How much did it cost to start: $10M
How many people on the team: 3

Starting A 5 Star Boutique Resort And Event Center Based On A Fiction Book Lore

Boyd Hollow Resorts is launching a 5-star boutique resort and event center based on a fiction book that will be the first of many Villages to be built around the world, with over 200 event inquiries received before launching.

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2. New York Food Truck Association ($2.4M/year)

Ben Goldberg, founder of the New York Food Truck Association, came up with the idea after realizing that the food truck events market in NYC was untapped. He pivoted his own food truck business to focus on events catering and corporate marketing, leveraging his industry expertise. Within the first year, the business did over $1 million in revenue with consistent 50%+ year-over-year growth.

How much money it makes: $2.4M/year
How much did it cost to start: $25K
How many people on the team: 5

How Starting The New York Food Truck Association Resulted In A $200K/Month Business

How a former food truck owner founded the successful New York Food Truck Association which generated over $1M in its first year of business, providing local vendors with high-margin ancillary revenue streams, and saw consistent growth of 50% YoY.

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3. FinCon ($1M/year)

Philip Taylor, a CPA and personal finance blogger, came up with the idea for FinCon after being inspired by personal finance bloggers who had achieved financial freedom. He saw a need for a conference tailored specifically for personal finance content creators and brands, and after receiving overwhelming interest from the community, he launched the first Financial Blogger Conference in Chicago in 2011.

How much money it makes: $1M/year
How much did it cost to start: $25
How many people on the team: 4

How I Created An Annual Conference That Generates $1.6M/Year

Discover how Philip Taylor built FinCon from scratch to a 3,000 attendee annual conference and achieved $1.6M in revenue in less than 10 years, by allowing customers to help build the event, fostering a sense of community, expanding offerings, pricing strategically, and surrounding himself with talented people.

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