Providing Daytime Staff & Services for Events

Kansas City, KS
Wyandotte County


Asking Price: Annual Revenue:
$170,000 $321,983

Food & Beverage: Catering, Food Preparation


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RE: Providing Daytime Staff & Services for Events Broker: Cortney Sells
Owner Financing is Available!
15% Buyer Down Payment: $25,500 15% Seller Financing: $25,500 70% Bank Loan: $119,000

Quick Facts

Asking Price: $170,000
Annual Revenue: $321,983
Net Profit: Not Disclosed
Cash Flow: $91,756
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1992
Employees: Not Disclosed
BBN Listing #: 578334398
Broker Reference #: REC016

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Business Overview:

Established in Kansas City for over 25 years, clients are corporations, caterers, event spaces, country clubs and private individuals. Recurring weekly accounts keep this service staffing company busy. In any given week, staff are working for 20 clients, with a handful working full time at the back of the house. While 2 key employees handle scheduling and billing, there is a list of about 50 for event staffing, ensuring that the seller can step away for vacations without a worry.

There is minimal overhead with this business, as only a small office space is leased for interviews and occasionally used by the office staff, who usually work from home. Inventory is small, with 15 – 20 branded aprons on hand for private events. Employees are required to supply their own uniforms, 90% of which can be found at major retailers. There is still a ton of room for growth with proper management – the seller turns away about $250,000 a year for weekend events she declines to take.

About 18% of income results from staffing for private parties and social events. A buyer could look to increase this revenue stream or hire more staff to work with corporate clients and food service companies. There is also a growing need for back end staffing, especially during holidays. This is a great chance to take a well-known company and grow it to the next level with more staff and an ambitious owner. At a 1.9 multiple on cash flow, this business is more than priced to sell!

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Property Features and Assets:

Lease: Fully functional, small office space for interviews; leased month to month Assets Included in Purchase: Equipment: Office furniture, fixtures and equipment Intangible Assets: Established name and reputation; client relationships and contacts Inventory: 15 – 20 branded aprons are on hand for private events – 90% of the uniform can be purchased at major retailers.

Market Competition and Expansion:

Hire more staff. Back house staffing. More private parties.

Reason for Selling:

Retirement

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.

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