Assistance from Florida SBDC at UCF – Palm Coast Helps Local Event Venue Open and Become National Wedding Destination
June 21, 2018
FOR IMMEDIATE RELEASE
Contact: Hal Thayer, Communications Director, FSBDC at UCF, 407.420.4850 or email@example.com
Ray Peter, Area Manager, FSBDC at UCF 0 Palm Coast, 386.986.4786 or Ray.Per@ucf.edu
Orlando, FL – Small business success stories sometimes go beyond the entrepreneur and the enterprise itself, and extend on to other local businesses and into the community. That’s the story for Shane Bonner, a founder and principal at Channel Side, the brand-new boutique venue on the water, set in the heart of Palm Coast, Florida’s 23 miles of saltwater canals.
Channel Side specializes in hosting weddings at a state-of-the-art facility in a strikingly beautiful, natural setting, but is also superb for Sweet 16 parties, anniversaries, and corporate meetings – any event that seeks to accommodate from 50 – 200 guests and chooses to be one to remember. What sets Channel Side apart is that its clients can create the atmosphere and the event of their dreams because they are able to bring in service providers of their choice –independent caterers, beverage providers, and other vendors of all kinds – and not locked into someone else’s food & beverage menu or event plan.
For Bonner, Channel Side was originally simply a real estate investment, and he believed a good one. “When we started out, I knew we had purchased a really great facility in a really great location but we weren’t certain how best to use it,” Bonner recalls. It was then that he turned to the Florida SBDC at UCF – Palm Coast (FSBDC at UCF) and its area manager Ray Peter for no-cost business consulting on how best to proceed.
“From what we were originally thinking to what we finally came to were two very different things, and the FSBDC was a huge contributor to us getting there,” Bonner says. “Ray Peter and the FSBDC were instrumental in re-framing our discussions and our persuading ourselves that leveraging the property’s legacy purpose – as a yacht club/country club – into an event space was our best course of action.”
“And then the FSBDC was there for us as we put together our operational plans, and worked with the City of Palm Coast to get the permits and licenses we needed,” continued Bonner. “I couldn’t have done this without the FSBDC, in fact. There was so much that I didn’t know. Without their knowledge of how a business like this works and how to get things done locally, I don’t think we’d have gotten Channel Side off the ground.”
“But here we are! Less than a year in business, and we have hosted more than 100 events and have reservations for another hundred in the months ahead. We have surpassed our stretch goals by a huge margin,” Bonner remarked. “Originally we thought Channel Side would be a local concept, catering to Palm Coast and neighboring towns. Now we are getting calls from around the country. We’ve become a wedding destination!”
“Best of all, we have partnered with local businesses to serve our clients,” Bonner concluded. “Area florists, photographers, hotels, restaurants, caterers and others are all benefiting from spending by our local and out-of-town guests. Beyond the success of our business, we are so proud that Channel Side is having a positive economic impact here in Palm Coast. And I can’t imagine that happening without the assistance of the FSBDC.”
For information about CHANNEL SIDE, please visit www.channelsideclub.com.
— FSBDC —
About the FSBDC at UCF
With its main office in the National Entrepreneur Center located at the Fashion Square Mall in Orlando, the Florida SBDC at the University of Central Florida (FSBDC at UCF) is part of the UCF Office of Research & Commercialization and the Florida SBDC Network. The FSBDC at UCF provides business seminars and no-cost, one-on-one business consultation to emerging and established businesses. The FSBDC at UCF serves an eight-county area that includes Brevard, Flagler, Lake, Orange, Osceola, Seminole, Sumter, and Volusia counties and maintains 10 service centers across Central Florida.
In 2016, the FSBDC at UCF served over 2,400 entrepreneurs in Central Florida through consulting and training, resulting in nearly 6,700 jobs created, retained or saved; $980 million in sales growth; $92.7 million in capital formation; $154.6 million in government contract awards; and 120 new businesses started.
About the Florida SBDC Network
For over forty years, the Florida SBDC Network, the state’s principal provider of business assistance [Fl. Stat. 288.001], has nourished a statewide partnership between higher education and economic development to provide existing and emerging small and medium-sized business owners with management and knowledge resources that enable overall growth, increased profitability, and economic prosperity for Florida’s economy.
Since 2011, Florida SBDCs have provided 513,107 hours of professional business consulting to 74,669 client businesses, resulting in 252,955 jobs created, retained, or saved; $33.3 billion in sales growth; $2.6 billion in government contract awarded; $1.4 billion in capital investments acquired; and 4,159 new businesses started.
A statewide network of over 40 offices, the Florida SBDC is funded in part by the U.S. Small Business Administration, Defense Logistics Agency, State of Florida and other private and public partners. The Florida SBDC Network, headquartered at the University of West Florida, is nationally accredited by the Association of SBDCs and is a 2016 recipient of the President’s E Award for Export Service. Florida SBDC services are extended to the public on a nondiscriminatory basis. Language assistance services are available for individuals with limited English proficiency. For more information, please visit www.FloridaSBDC.org.