Business Overview

***Confidential listing – not in the indicated zip code***
With 23 years in business, this company knows how to party! In fact, they’ll bring
tables, chairs, linens, dance floors, lighting, heating, generators, sound gear and all the
tents you need for any kind of event you can imagine.
This business always collects payment in advance so there are no receivables issues.
Whether it’s a wedding, anniversary, summer bash, family reunion or corporate event,
this company has everything customers need to make it a success!

Financial

  • Asking Price: $440,000
  • Cash Flow: $122,000
  • Gross Revenue: $220,000
  • EBITDA: N/A
  • FF&E: $440,000
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 1998

Detailed Information

  • Property Owned or Leased:Own
  • 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:

Real Estate available for purchase, not included in purchase price.

Is Support & Training Included:

seller will assist

Purpose For Selling:

retirement

Opportunities and Growth:

Add DJ services, Add online booking, and Extend to a wider geographical range.

Additional Info

The venture was started in 1998, making the business 24 years old.

The business has 1FT, 4PT employees and is situated in a building with estimated square footage of N/A sq ft.

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals choose to sell operating businesses. Nonetheless, the genuine factor vs the one they say to you may be 2 absolutely different things. For instance, they may state "I have too many other obligations" or "I am retiring". For lots of sellers, these reasons stand. But also, for some, these might simply be reasons to attempt to hide the reality of altering demographics, increased competition, recent decrease in revenues, or a range of other factors. This is why it is extremely crucial that you not count totally on a vendor's word, yet rather, make use of the vendor's response combined with your general due diligence. This will paint an extra sensible image of the business's current scenario.

Existing Debts and Future Obligations

If the current entity is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your offer. Lots of operating businesses borrow money with the purpose of covering things like stock, payroll, accounts payable, etc. Keep in mind that in some cases this can indicate that revenue margins are too small. Many organisations fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future obligations to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with suppliers that must be met or might result in fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the area draw in brand-new consumers? Many times, companies have repeat consumers, which develop the core of their day-to-day revenues. Specific aspects such as new competitors growing up around the area, roadway building, as well as staff turn over can impact repeat clients as well as negatively affect future profits. One vital thing to take into consideration is the placement 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 better the chance to construct a returning consumer base. A final thought is the basic area demographics. Is the business located in a densely populated city, or is it situated on the outskirts of town? How might the regional typical family income effect future earnings potential?