Listing ID: 79446
We are a leading event rental and decor company, serving all of South Florida.
We specialize in rentals of GLOW furniture & Bars (which are exclusive to our brand) as
well as Lighting, Dance Floors, Draping, Visuals and much much more. We have many
relationships with Party Planners and Venues that call us for all their event needs on a
regular basis. Solaris Mood has built a great name over the years, with almost 150
5 star reviews (and 0 negative reviews), giving our future clients peace of mind when
selecting our brand when they find us on the internet.
This entertainment company is one of the highest-rated entertainment companies in South Florida. The Company has over 20 years of experience in the event celebration industry. It has served many venues in South Florida. These venues include weddings, sweet 16’s, Quinceañera’s, Bar/ Bat Mitzvah’s, Corporate Events, Graduations, and more. It specializes in making your event truly a one-of-a-kind event celebration with our fusion of DJ entertainment. We provide Live Musicians, Dancers, and other party effects, therefore providing you with a unique event unlike any other.
This is a full-service entertainment/production company in South Florida. We skillfully apply the experience and expertise to entertain audiences of all age groups.
- Asking Price: $200,000
- Cash Flow: $75,000
- Gross Revenue: $275,000
- EBITDA: N/A
- FF&E: $120,000
- Inventory: $10,000
- Inventory Included: Yes
- Established: 2009
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:4,000
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
4,000 sq. ft. warehouse with parking - Fenced in Flex Space with office and warehouse
2 weeks/14 Days of training @ no cost.
Focus on other business
While there are many companies that offer some of our services, many of our furniture and decor pieces are signature to our brand. Our Draping, for example, goes high to 20’ tall (whereas MANY of the local competitors only offer 13’-15’ tall). We offer top notch customer service, while hearing very often that we were the first company to ANSWER the call/email. We pride ourselves on excellent customer service, which is proven by many return customers. We understand that an event (such as a wedding) is a once in a lifetime milestone and we take all precautions needed to ensure that we exceed our customers’ expectations
There are many more party planners and new planners coming into the business. There are also many hotels/venues that can benefit from a relationship with our brand. When reaching out to a location and offering them our services and products, we are always successful in locking in new business with a mutually beneficial relationship. It is all a matter of what you can handle but the possibilities are endless, especially in South Florida where the weather is wonderful almost all year long
The business was started in 2009, making the business 13 years old.
The deal will include inventory valued at $10,000, which is included in the requested price.
The company has 2 employees and resides in a building with disclosed square footage of 4,000 sq ft.
The real estate is leased by the business for $1,800 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why people decide to sell businesses. However, the real factor and the one they say to you may be 2 completely different things. For instance, they might say "I have too many other responsibilities" or "I am retiring". For many sellers, these reasons are valid. However, for some, these might simply be excuses to attempt to conceal the reality of altering demographics, increased competition, current reduction in incomes, or an array of various other reasons. This is why it is very essential that you not depend absolutely on a seller's word, but rather, use the vendor's response in conjunction with your total due diligence. This will repaint a more sensible picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your deal. Numerous operating businesses finance loans so as to cover points like stock, payroll, accounts payable, and so on. Keep in mind that in some cases this can mean that earnings margins are too tight. Numerous companies come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future commitments to consider. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with vendors that must be met or might lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location bring in brand-new clients? Many times, operating businesses have repeat clients, which form the core of their daily revenues. Specific variables such as new competitors sprouting up around the area, roadway construction, and also personnel turn over can affect repeat consumers and also adversely affect future earnings. One essential point to take into consideration is the area of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Clearly, the more people that see the business on a regular basis, the greater the possibility to build a returning customer base. A last thought is the basic area demographics. Is the business situated in a densely inhabited city, or is it located on the edge of town? How might the regional mean house earnings influence future earnings prospects?