@Venu Vedre, You're just about right. 

or at least a venue that does not require a connecting flight..   

I have a lead on a wedding venue and would love to include a partner(s) on the deal.

They paid over market, possibly on purpose in order to gain market share, but we all see the results.So while the theory of being a market maker sounds magnificent, Zillow doesn't seem to fundamentally understand how to do it properly or even what it really meant. 

We'll be using the profits from this section to build the 1 acre wedding venue, which we'll charge $2,500 for 6 hours.

It also happens to be the best part of Downtown since the major sporting venues, convention center, live music, restaurants, and night life can all be found on the East Side.

The plot is around 26000 sf, beachfront, great tourist locationThe build quality is high, and it survived the tsunami of 2004 intactThe place is fully staffed with a manager who's been there for 19 years, with no intention of leavingThe place is one of the few in the area that holds groups (the whole complex is rented out to groups of 12-23)It is currently earning 100k eur per annum with only 50% occupancy (the owner is older and does minimum to market - old website, airbnb, booking.com, homeaway, tripadvisor)The average occupancy of the area is 74% so there is a lot of room for revenue growthThe rates haven't been raised for 3 years and it is due for a 5% rental increaseThe reviews are stellar on all sites, with many repeat clientsThe venue is ideal for weddings, reunions, parties, bdays, etc, and the staff handle everything, including an on site chefWhen you stay there it's like having your own resort on the beach to yourselfOwner will act as consultant for up to 1 year for freeSo, he wants to sell to my husband and I, as his manager and he really like us and know we would keep the staff and concept the same.

Sounds like a great venue !

A musician that had income from 25 different venues a year would be an example of this. 

Investment Info:Single-family residence buy & hold investment.We still own and operate this as a vacation rental and event venue....been at that for 15 years or so.