Business Overview

This business has a semi-absentee ownership and has an experienced manager in place.

Since 2002, this event provider has been exceeding expectations, elevating entertainment, and enhancing experiences! This provider’s award-winning services continue to achieve its mission of, “Enhancing the lives of individuals through excellence in music and entertainment.” The business’s excellence in service remains the foundation of their vision which is, “To transform an individual’s event experience as a Party Professional that result in an unforgettable occasion!”

As entertainment specialist, these Party Professionals will do more than provide you with a knowledge of music but serve you as your DJ, audio professional/technician, event host/emcee, lighting producer, and party starter! Starting from the initial contact, they will begin customizing, creating, and understanding all of the desires so that they can best exceed your expectations. Use their contact information to take the next step in finalizing the elevating entertainment.

Financial

  • Asking Price: $425,000
  • Cash Flow: $122,194
  • Gross Revenue: $280,648
  • EBITDA: N/A
  • FF&E: $133,731
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2002

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:1
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Home Based with remote operations. (Home Based)

Is Support & Training Included:

Will train for 4 weeks @ $0 cost. This business does not need any special licenses or skills.

Purpose For Selling:

Owners have other careers that now requires more of their time.

Pros and Cons:

Music entertainment professionals, event provider, and mobile DJ services. Competition: • Complete Music • Spectrum • DJ Connection • Amped Entertainment

Opportunities and Growth:

Maintain the established venue relationships and online marketing. Be a part of monthly bridal shows. When the business did bridal shows they booked between 5-10 weddings a show. These bridal shows are offered around the state monthly. This provider chooses not to do these shows because their decision not to run a larger operation. They are happy and comfortable with where they are currently. But marketing with The Knot and doing bridal shows could result in great growth potential.

Home Based:

This Business Is Home Based

Additional Info

The company was founded in 2002, making the business 20 years old.

Why is the Current Owner Selling The Business?

There are all types of reasons people decide to sell businesses. Nevertheless, the real reason and the one they say to you might be 2 absolutely different things. For instance, they may claim "I have too many various commitments" or "I am retiring". For lots of sellers, these reasons stand. But also, for some, these may just be excuses to attempt to hide the reality of altering demographics, increased competition, recent decrease in earnings, or a variety of other factors. This is why it is really vital that you not count completely on a vendor's word, however instead, utilize the vendor's response together with your overall due diligence. This will repaint a much more practical picture of the business's current situation.

Existing Debts and Future Obligations

If the existing business is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Lots of businesses borrow money with the purpose of covering points like supplies, payroll, accounts payable, etc. Keep in mind that in some cases this can imply that revenue margins are too tight. Numerous companies fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future obligations to think about. 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 fulfilled or might result in penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do businesses in the location draw in new customers? Many times, businesses have repeat customers, which develop the core of their daily revenues. Certain aspects such as brand-new competition sprouting up around the location, road building and construction, and staff turnover can affect repeat clients and also negatively impact future incomes. One vital thing to take into consideration is the location of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more individuals that see the business on a regular basis, the better the opportunity to build a returning client base. A final thought is the general area demographics. Is the business situated in a largely populated city, or is it situated on the edge of town? Just how might the local typical home earnings effect future revenue potential?