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A qualified buyer can purchase this business with a cash downpayment of less than $80,000 (plus other closing costs) and obtain an SBA loan. [Full details in the Confidential Business Profile].The Company provides luxury decor rentals, creating beautiful and elegant weddings and other event settings on one of Hawaii’s tropical paradise islands. The rentals include a wide assortment of table linens, chairs, chair covers, draping, lighting, and other related accessories. The rentals offered are for customers desiring a refined and elevated feel for their weddings or other events. Weddings are over 90% of their event sales and about 60% of their wedding clients are visitors to Hawaii. Hawaii is one of America’s top destination wedding locations. The Company is long tenured and well established in the lucrative wedding market on the island, and they are known for providing excellent customer service, quality products, reliability, and timely execution on the day of the event. The Business is on the preferred vendors list for all of the island’s major hotels, which are major wedding venues in Hawaii.They have a large investment of rental and decor items (items like specialty linens, chairs, chair covers, etc.), plus all of the other tangible assets (furniture, vehicles, etc.) and intangible assets (trade name, website, customer contracts, etc.) which are included in the transaction. Their sales have grown over 66% from $488,000 in 2016 to $812,000 in 2023. In 2023, these sales generated $255,659 of owner’s profits (“SDE”), and year to date 9/30/24, their SDE is up 29% over the same 9 months in 2023. They survived Covid and are now stronger than before. They receive a 50% non-refundable customer deposit for all events and the 50% balance due is paid two weeks before the event date. This results in them having a large negative working capital balance.Their sales process is very effective with a “success hit rate” on quotes of over 82% over the last 3 years.They book events up to one to two years in advance. They maintain a strong backlog of contracted events. For example, as of 9/30/24 they had a contracted future event backlog, with 50% non-refundable deposits, of $370,109 for 173 events booked out to November 2025. Pre-qualified for a ten-year SBA 7(a) loan. Qualified buyers can purchase this business for less than $80,000 down.The business is being offered for sale on a fully turnkey basis with all the needed tangible (including vehicles) and intangible assets, including the owners providing a 5-year non-competition agreement, two weeks of buyer training, and in addition the sellers will provide 50% of the then outstanding customer deposits at Closing to the buyer as a credit to the sales price. To receive our detailed 80 page Confidential Profile for this fun and easy to operate business which includes tax return based financial details, please contact Hawaii Business Sales.
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This business is an industry leader in a popular travel destination. Their focus is on design and production of luxury corporate & incentive events. It features unique full event design and production services with a focus on providing clients the highest level of professional services, coupled with unique and inspired elements that are designed to delight both clients and their guests.Whether it’s a private dinner for four or an awards gala for 700, the goal is the same: delight clients and guests by partnering with clients and suppliers to make it happen. No cookie-cutter experiences that try to fit every event. Every event is unique, based on the goals and budget of the client.From concept to clean up, every stage of an event is covered. Services include theme creation, design, and decor; equipment rental, setup, operation and breakdown (including custom sign and prop production when needed). Catering, staffing and event management are also available.Clients are made up of the top destination management firms locally and nationwide, plus local and national corporations.Inventory includes $1 million of event decor, including tables, chairs, stages, bars, linens, tableware, signage, props, lighting and more.
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