Listing ID: 77508
Wonderful opportunity includes 5 website with some of the best ratings
social media and clients testimony. They are working with some of the biggest companies in Los Angeles area and with private parties. They do also Business in NV
They do Parties, They do weddings they do Bar and Bat Mitzvah and many other occasions as client needs.
Business was doing over $200K in 2020 and is on track to do more in 2021.
Business is almost back to normal, priced amazingly low including equipment and inventory can qualify for an SBA loan depends on buyers credit worthiness.
Training will be done by the owner this is a real business that can be run from home and to complement any other business in the entertainment business, such as Party Planners, Food Providers to parties and many more.
- Asking Price: $278,000
- Cash Flow: $200,000
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: $68,000
- Inventory: $3,000
- Inventory Included: N/A
- Established: 2008
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Moving Out of Country
Business was doing over $200K in 2020 can do that and much more in 2021 things are almost back to normal priced amazingly low including equipment and inventory can qualify for an SBA loan depends on buyers credit worthiness
This Business Is Home Based
The business was founded in 2008, making the business 14 years old.
The transaction shall not include inventory valued at $3,000*, which ins't included in the asking price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people resolve to sell businesses. Nonetheless, the real factor vs the one they say to you may be 2 absolutely different things. As an example, they might state "I have a lot of other commitments" or "I am retiring". For many sellers, these reasons stand. But, for some, these may just be excuses to attempt to hide the reality of transforming demographics, increased competition, recent reduction in earnings, or a range of various other factors. This is why it is very crucial that you not depend completely on a vendor's word, yet instead, make use of the seller's response in conjunction with your total due diligence. This will paint a more practical picture of the business's current circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your offer. Lots of operating businesses finance loans in order to cover things such as stock, payroll, accounts payable, etc. Bear in mind that in some cases this can indicate that earnings margins are too small. Many organisations come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future commitments to think about. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with vendors that have to be fulfilled or may result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area bring in brand-new clients? Many times, companies have repeat customers, which form the core of their everyday earnings. Particular variables such as brand-new competitors growing up around the location, roadway construction, and personnel turnover can influence repeat consumers and also adversely impact future earnings. One essential point to consider is the location of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Clearly, the more individuals that see the business regularly, the greater the chance to develop a returning customer base. A last idea is the general area demographics. Is the business placed in a largely inhabited city, or is it located on the outskirts of town? Just how might the neighborhood mean home income effect future revenue potential?