Business Overview:
The Company is a leader in providing décor and design services to the Special Events industry. The Company creates stunning backdrops and props that produce an environment to enhance events, ranging from conferences to trade shows to galas to corporate and private parties, including birthday parties, Bar Mitzvahs and Bat Mitzvahs. The Company’s clients include professional and trade associations, corporations, government agencies, non-profit organizations, event planners and many individuals. Once the Company has created decor for a given event, it retains the items in its inventory for use in subsequent events. The inventory of existing décor items, valued at $400,000 by conservative industry standards, is very active, with the most popular pieces having been rented out as much as 50 times over the years. This is a high-margin business, in terms of cash flow to owner. About 70% of the business is repeat from year to year, assuring a healthy revenue base for the new owner. There is a large market for décor services in the special events field, and demand has remained strong in the mid-Atlantic region, despite the economic downturn. The current owner has not built large operating staff. A new owner, with an aggressive sales and marketing program, and with either an existing organization or the ability to build one, could expand this business rapidly.
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Property Features and Assets:
The Company operates out of a 2,200 sq. ft. workshop and warehouse in a suburban industrial park. A new owner could either choose to remain in that location, or move operations and inventory to another location.
Market Competition and Expansion:
There are other competitors in the field, but it is a very fragmented market. The Company is well-known in its geographic area and has established a reputation for high-quality work and reliable, on-time delivery.
The present owner has operated the business on a very small staff. With a greater organization and a more active advertising, promotion and selling effort the new owner could substantially expand revenue and profits.
Reason for Selling:
After 18 years, the owner wants to move on.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.