We are currently looking at wedding venues and we have found one we really like and is within our price range. The ONLY downside is they just opened their doors late last year (2020) and I believe have had only one wedding at their venue. With all the stories going on right now about places going bankrupt we are hesitant to pick them as our venue. While we are aware that this can happen to a venue that has over 35 years in the business it is still worrisome. Also, when she was showing us the place she kept saying "oh, we still need to buy this and we are waiting for more bookings" or "i hope this will be ordered soon" and "we might not have that in time for your wedding due to those items being very expensive". My fiance was concerned with this and asked "how many bookings are you in need of to make these additions? And she was very professional and said she just needed more in order to financially supply them. While to me it makes business sense to take your time saving up for the things you need to make your venue beautiful and the fact that they are new at the same time we do have concerns that they will not be able to make ends meet and we will be without a venue. The venue is not in a popular part of town so I don't think its getting enough notice. The additions they were pointing out were not a deal breaker for me since the place is clean and minimal, which is why we chose the venue in the first place.
My question - Are we able to ask the venue how many bookings they currently have booked for the following year? They could be honest or not, but I think I would feel better knowing there was funds being poured back into the venue for the future, seeing as our wedding is a year away. Thoughts or anything else we should be concerned or aware of?
Many thanks!!!!!