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Established Wedding Planning & Design Business
Not Disclosed, SC
CHARLESTON County
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| Asking Price: | Annual Revenue: |
| $225,000 | $393,433 |
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RE: Established Wedding Planning & Design Business
Contact: Ken Tallmadge
Owner Financing is Available!
$22,500 down/$112,500 over 120 mos. @ 5%/Other Financing.
Quick Facts
| Asking Price: | $225,000 | |
| Annual Revenue: | $393,433 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $123,046 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 25,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2004 | |
| Employees: | 9 | |
| BBN Listing #: | 32464955 | |
| Broker Reference #: | 1203-17208 |
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Business Overview:
Opportunity to own your own well-established Wedding Planning / Design business. Events have been featured in some of the country's most prestigious wedding publications. The team of designers offer several unique packages and serve a variety of request. In addition to the wedding event planning services, they also offer floral selections to create an added exclusive service.
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Property Features and Assets:
The business operates out of a two-story commercial building with 795 sq feet upstairs and 600 square feet of storage garage space on the lower level. This building is a historic structure constructed in the early 1900s and renovated in 2013/2014. The building and land are available to purchase or lease from the current business owner. The property may be purchased for $580,000 or leased for $3,666 a month ($44,000) a year. The rent has been charged to the business to account for market rent. Assets = $88,000
Market Competition and Expansion:
The concentration of Event Planners has a low level of market share concentration. The high success of this business in the local market is due to a strong referral base and access to an experienced, highly skilled workforce. The area's historic venues and coastal region continue to be very popular destinations for wedding events. Currently, 2023 is booked to capacity and several events have been booked for 2024. Additional crews could be added to fill the demand and handle multiple weddings on the weekends as opposed to only one event per weekend.
Reason for Selling:
Retiring.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
- View more South Carolina businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
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