Business Overview:
Income to Owner $62,493. Great Opportunity. Revenue last 3 years over $200,000 You can Buy this business for $195,000. Established over 10 years this highly successful Entertainment business provides Karaoke/DJ services throughout the Tampa Bay area. The company prides itself in being the only completely Legal Company in the area, owning a full library of 40,000 songs built up over 10 years for each system. Subscription with Karaoke manufacturer automatically sends 3 copies of latest releases monthly. The business operates with state-of-the-art sound systems and is upgrading all computer systems by December 31st to the latest HP technology. Three vans which the seller will pay off are included in the sale. Currently the business has 6 professional part-time employees fully-trained on all equipment covering 9 clubs per week/14 karaoke sessions. Club owners refer to the company as “The best in the business and the biggest entertainment company around.” DJ services offered for private parties; weddings, birthdays, corporate events etc. A new buyer could advertise and expand the DJ side of the business which has higher profit margins and would generate greater earnings. This is a growing company with capital investment in more equipment, more vehicles, and more employees, the business could grow. Due to health issues the owner needs to sale the business. This is a great business for a buyer that is already in the entertainment business and wants to expand or an entrepreneur that is looking for a turn-key growth opportunity which has considerable potential. For additional information email info@vrtampa.com or call 813-739-8722.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Assets: The estimated FF&E value is $97,000. A complete FF&E list is available to a qualified buyer who has signed a confidentiality non-disclosure agreement with Tampa Business Partners.
Lease: The business operates from the Sellers residence and is easy to relocate. There is no need for a lease.
Market Competition and Expansion:
The business has a web site and Facebook page and relies on word-of-mouth/referrals. Increased advertisement and hiring a salesperson could generate greater revenues and earnings.
Reason for Selling:
Health Issues
Additional Details:
- The property is owned.
- The owner is not willing to train/assist the new owner.
- This is a homebased business opportunity.
- This is not a franchise resale opportunity.