Listing ID: 80978
Looking for a fun opportunity for additional cash flow? Enjoy seeing people laugh, smile and have a takeaway from an event? Work as much or as little as you want. This franchise opportunity is just the thing for you. The equipment is state-of-the-art and easy to customize for each and every occasion. Lots of equipment included. This full- or part-time business allows for great income with high profit. You can hire people to do the work while you manage.
Locally, the Reno, Sparks, and Carson City area has a small town feel with a big city attitude. The city offers excellent shopping and dining options, robust nightlife offerings, high-performance schools, including a Tier 1 University with over 25,000 students—and is just a half hour from beautiful Lake Tahoe.
From a Business perspective, Northern Nevada is highly regarded as a pro-business, low-tax environment that appeals to a wide range of business and industry. With no personal, corporate, franchise, estate, inheritance, or inventory tax, it’s no wonder that Nevada ranks #7 Most Business-Friendly Tax Climate.
- Asking Price: $105,000
- Cash Flow: $63,466
- Gross Revenue: $98,232
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2015
- 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
There are competitors in this area. The quality of equipment and services exceed the competition. Lots of extra equipment is included in this franchise opportunity
The opportunities to expand are significant, as the seller has not yet explored the wedding and conventions sector. The seller only spends 6 hours working on the business and has part time employees doing the events.
The company was established in 2015, making the business 7 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons individuals resolve to sell businesses. Nonetheless, the genuine reason vs the one they say to you may be 2 entirely different things. As an example, they might claim "I have way too many various commitments" or "I am retiring". For lots of sellers, these reasons are valid. But, for some, these might simply be reasons to attempt to hide the reality of transforming demographics, increased competitors, current decrease in revenues, or an array of other factors. This is why it is really crucial that you not depend totally on a seller's word, yet instead, use the vendor's response in conjunction with your general due diligence. This will paint an extra realistic picture of the business's existing scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of companies finance loans in order to cover items like supplies, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can indicate that earnings margins are too thin. Lots of organisations come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future commitments to consider. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that need to be satisfied or might result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area attract brand-new customers? Many times, operating businesses have repeat consumers, which create the core of their daily revenues. Particular variables such as new competition growing up around the area, road building and construction, and also employee turn over can impact repeat consumers and also adversely affect future profits. One important thing to think about is the placement of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Undoubtedly, the more people that see the business regularly, the greater the chance to build a returning consumer base. A last idea is the basic area demographics. Is the business located in a largely inhabited city, or is it located on the edge of town? Just how might the local average family earnings influence future revenue potential?