Business Overview

Furniture and Decor Event Rentals for weddings, corporate events, and celebrations. This outstanding business specializes in meaningful interactions, giving guests a place to converse, an atmosphere to relax in, and an ambiance that is truly one-of-a-kind. We truly are trendsetters in providing the ultimate in enhancing your unique style in varied venues. Our collection of furnishings and decor offers the unique and unexpected details that create an unforgettable event. Full inventory and pictures on website with NDA. Numbers based on 2019. For additional information please contact listing agent Thomas Vondell at 845-389-2599 or tomvondell@fcbb.com.

Financial

  • Asking Price: $150,000
  • Cash Flow: $92,150
  • Gross Revenue: $136,408
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $135,000
  • Inventory Included: Yes
  • Established: 2014

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:2
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Seller is active in the business with 2 PT employees. Hours of operation are by appointment only. $135,000 in Inventory .

Is Support & Training Included:

12 Weeks

Purpose For Selling:

Career Change

Additional Info

The company was founded in 2014, making the business 8 years old.
The deal does include inventory valued at $135,000, which is included in the suggested price.

Why is the Current Owner Selling The Business?

There are all kinds of reasons people resolve to sell businesses. Nevertheless, the true factor and the one they say to you might be 2 completely different things. For instance, they might say "I have way too many various commitments" or "I am retiring". For lots of sellers, these reasons are valid. However, for some, these might simply be reasons to attempt to hide the reality of transforming demographics, increased competitors, current decrease in revenues, or a range of various other reasons. This is why it is extremely important that you not depend totally on a vendor's word, however instead, utilize the seller's solution combined with your overall due diligence. This will paint a more realistic picture of the business's current scenario.

Existing Debts and Future Obligations

If the current entity is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your offer. Lots of businesses finance loans so as to cover points like supplies, payroll, accounts payable, and so on. Keep in mind that sometimes this can indicate that revenue margins are too thin. Numerous companies come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future obligations to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with vendors that need to be fulfilled or might cause penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the location attract brand-new customers? Often times, companies have repeat clients, which develop the core of their daily earnings. Certain elements such as new competition growing up around the location, road building, and employee turnover can affect repeat consumers and also negatively impact future profits. One vital thing to consider is the placement of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more individuals that see the business regularly, the higher the possibility to construct a returning client base. A last idea is the general area demographics. Is the business located in a largely populated city, or is it located on the outside border of town? Just how might the local median house earnings impact future earnings prospects?