Listing ID: 83526
Premier event planning business operating in New York, Maryland, DC, and Virginia for sale. The Business is being offered on a fully turnkey basis with all assets, which includes all the very professional marketing collateral, website, list of customers and vendors and the existing book of contracted events and weddings will be transferred to the buyer at closing of a transaction. High levels SEO results due to owner’s hyper focus for online marketing. This area has a huge market for weddings, parties, business meetings, conventions, concerts, and all kinds of special events.
The business provides high quality rental equipment, equipment sales, and event planning services for events of all sizes and types, such as weddings, festivals, and galas. This business boasts a massive inventory worth nearly $1.6M. Inventory well organized in a database and the warehouse is kept extremely clean. Loyal employee and experienced employees help run this business successfully.
Parties and events are planned 6-12 months in advance so a new owner could realistically begin taking reservations right now, accepting 50% advance fees to hold those future dates. Even with the current Covid-19 crisis, this is really an excellent opportunity for someone to step in and prepare for an extremely successful future as the current business owner has recurring clients from their successful past performance.
Inventory not included in the price of the business. Business Inventory Price: $500k – the variety of products and services for unique clients is extremely important for this industry.
Please contact us to get our incredibly detailed Confidential Business Profile which shows all business and tax return based financial information.
Seller willing to explore selling via Bitcoin.
- Asking Price: $500,000
- Cash Flow: $343,867
- Gross Revenue: $1,701,160
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
other business interests
Why is the Current Owner Selling The Business?
There are all kinds of reasons people choose to sell businesses. Nonetheless, the genuine factor vs the one they tell you may be 2 absolutely different things. For instance, they might claim "I have way too many various responsibilities" or "I am retiring". For lots of sellers, these reasons stand. But also, for some, these may just be reasons to attempt to conceal the reality of transforming demographics, increased competition, current decrease in revenues, or a range of various other factors. This is why it is extremely important that you not rely totally on a seller's word, yet instead, use the vendor's answer in conjunction with your total due diligence. This will repaint a much more reasonable image of the business's present scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous businesses borrow money with the purpose of covering things like inventory, payroll, accounts payable, and so on. Keep in mind that sometimes this can imply that revenue margins are too thin. Lots of organisations fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future commitments to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with vendors that have to be met or might cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area draw in new consumers? Often times, operating businesses have repeat consumers, which create the core of their day-to-day profits. Specific factors such as new competition growing up around the location, road building, and personnel turn over can influence repeat customers and adversely affect future earnings. One crucial thing to consider is the placement of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Undoubtedly, the more people that see the business on a regular basis, the better the chance to develop a returning customer base. A final idea is the general area demographics. Is the business situated in a largely inhabited city, or is it located on the outside border of town? How might the regional average house income influence future revenue potential?