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Asking Price$120,000
Revenue | $114,222 |
Established | 1990 |
Cash Flow | $31,164 |
Employees | 15 part-time |
FF&E | $41,469* |
Franchise | No |
Inventory | Undisclosed |
Relocatable | Yes |
Real Estate | Undisclosed |
Home-based | Yes |
* Included in Asking Price
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Providing event planning, DJ and video services for every type of “special day,” this business has it all! Ready for a fun, upbeat and dynamic career? The owner runs this business from out-of-state and is selling to focus on building clientele in a market outside the Midwest. Currently owner handles initial client consultations, social media, scheduling and editing.
This company is a preferred vendor in both the Lincoln and Omaha markets -- so preferred that they are currently having to turn away potential clients! The current owner lives out of state, and a Nebraska-based owner would be able to expand the pool of subcontractors and take on more events. There are currently 10-15 1099 individuals hired on a per-project basis. Assets include all necessary equipment, website, digital assets and office space totaling $41,469 in value. Lease is currently month-to-month, allowing the new owner to run the business from home if desired. This company experienced a sales growth of 17% between 2013 and 2014. Events are scheduled through August of 2016.
A Buyer’s loan can be partially collateralized by the equipment and assets already part of the business.
Reason for Selling: Out of State Owner Personnel: 10-15 Subcontractors for Events Hours: By Appointment Only History: Established in the 1990's Lease: $550/month (could easily move to home-based) Support to Buyer: 90 Days and Seller Financing Additional Information: Business Information Established: 1990s Location & Service Area: Eastern Nebraska (primarily) Clients: 90% Weddings / 10% Corporate and Other Lease: $550/month; could easily be home-based Reason for Selling: Out-of-State Owner Contractors: 10-15 contractors for events Hours: By appointment only Seller Training Period: 90 days of training and support Growth Opportunities: Engage additional 1099 subcontractors Current Owner’s Responsibilities: Initial client consultation, scheduling, editing
Financial Overview List Price: $120,000 Gross Sales 2015: $114,222 2014: $136,416 2013: $128,933
Owner Profit/Cash Flow 2015: $31,164
Profit Margin: 27%
Valuation: Cash Flow x Multiple = Price $31,164 x 3.85 = $120,000
Assets Included in Purchase: $41,469 Equipment: $41,469 includes laptops, speakers, microphones, cameras, camera equipment, printers, etc. Intangible Assets: Built-out website and active social media pages Upcoming Work: Events scheduled through August 2016
*amounts may vary
Funding Example Purchase Price: $120,000 10% Buyer Down Payment: $12,000 20% Seller Financing: $24,000 70% Bank Loan: $84,000
A Buyer’s loan can be partially collateralized by the equipment and assets already part of the business.
Facilities: | Location & Service Area: Eastern Nebraska (primarily)
Lease: $550/month; could easily be home-based |
Growth Potential: | Engage additional 1099 subcontractors |
Training/Support: | 90 days of training and support |
Sale Reason: | Out-of-State Owner |
Ad #78001
Seller Reference #REC007
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