NOT DISCLOSED, Tennessee
| Asking Price |
$2,200,000 |
Year Established |
2018 |
|
| Annual Revenue |
$1,772,548 |
Reason for Selling |
To pursue other business ventures. |
|
| Annual P/L |
$0 |
Attention |
Brad Williams |
|
| Annual Cash Flow |
$822,023 |
Listing Number |
1018423 |
|
| # of Employees |
|
Business Category |
Services: Rentals - Party, Equipment |
|
Business Overview:
The Company is a luxury event design and production firm serving wedding planners, event producers, venues and corporate clients. It specializes in architectural lighting, draping, custom fabrication, staging and turnkey production for weddings, corporate events, festivals, concerts and galas. The business runs from a home office, with inventory held in warehouse storage, and uses experienced contract sales and crew. Trailing twelve-month revenue is $1.77M, with $858K of seller's discretionary earnings, a 48.4% margin. Peak season runs March through November. The owners are selling the business and all of its assets.
Property Features and Assets:
<p>The business is currently home based, with assets stored at a storage facility. <br></p><p>Assets = $800,000</p>
Market Competition and Expansion:
<p>The Company competes in the event services industry. Competitors include small and large catalog rental houses, A/V providers and décor and draping firms, most offering design or production, not both. The Company differentiates through design and production under one roof, custom fabrication, owned inventory and planner and venue relationships. <br></p><p>The Company offers a new owner several clear paths to growth. The large supply of assets adds capacity for more events. Owned inventory can also earn dry hire rental income from other planners on dates it is not deployed. A dedicated corporate sales effort paid social media and SEO could add direct corporate, brand and holiday clients, which would also help fill the November–February off season. Formal preferred-vendor status at top venues, plus out of market requests, offer further upside.<br></p>
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is a homebased business opportunity.
- This is not a franchise resale opportunity