Listing ID: 74114
Great party and entertainment concept that allows for you to get creative! This location offers a wide variety of hands-on, public, and private workshops. From parties, bridal showers, bachelorette gatherings, children’s birthday bashes, kid’s camps, community events, corporate events, fundraisers, and just about any excuse to come together.
The workshops offered are all educational and a flat fee that includes everything you need to leave with a wonderful DIY project. Most classes are wood based, (signs, trays, boxes, corn hole boards), but specialty workshops are also offered.
Since this is an established location, the $25,000 franchise/transfer fee has been reduced to $18,500 (this fee will be paid directly to the franchise by the Buyer). Great savings of $6,500.
Call Nadir Jiddou at 248-220-3274
- Asking Price: $79,999
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: $79,999
- Inventory: $7,000
- Inventory Included: N/A
- Established: 2019
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,900
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
Franchised location offering 1,900 square feet in standalone building on major roadway. This building offers the full workshop as well as kitchen area.
The Seller will be available for 10 days at a minimum of 4 hours per day. In addition to continue support from the franchise
Unique concept without a lot of competition in the area
Continue to promote, market with all avenues to include social media
The company was established in 2019, making the business 3 years old.
The sale shall not include inventory valued at $7,000*, which ins't included in the listing price.
The business has 1FT/6PT employees and is located in a building with estimated square footage of 1,900 sq ft.
The property is leased by the company for $2,100 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons people choose to sell companies. Nevertheless, the genuine reason and the one they say to you might be 2 completely different things. For instance, they might say "I have way too many other obligations" or "I am retiring". For many sellers, these reasons are valid. However, for some, these may simply be justifications to attempt to hide the reality of transforming demographics, increased competitors, recent decrease in profits, or an array of other reasons. This is why it is very essential that you not depend absolutely on a vendor's word, however rather, make use of the vendor's solution along with your total due diligence. This will paint a much more practical image of the business's present situation.
Existing Debts and Future Obligations
If the existing business is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your offer. Many operating businesses take out loans so as to cover points like supplies, payroll, accounts payable, and so on. Keep in mind that in some cases this can imply that earnings margins are too tight. Lots of businesses fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future obligations to consider. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that need to be met or may lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location draw in brand-new consumers? Many times, businesses have repeat consumers, which form the core of their daily revenues. Certain aspects such as brand-new competition sprouting up around the area, roadway construction, as well as personnel turnover can impact repeat clients as well as negatively influence future profits. One vital point to consider is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Clearly, the more people that see the business on a regular basis, the higher the possibility to develop a returning client base. A last thought is the general area demographics. Is the business situated in a densely inhabited city, or is it located on the outside border of town? How might the regional average house earnings effect future income prospects?