Gross Revenue 2016 - $455,380
Adjusted Net Income 2016 - $139,119
Inventory Included in Purchase Price - $1,500
Furniture, Fixtures & Equipment Included - $480,000
The current owner established this business in 2000, incorporated it in 2005 and is now looking to retire. The business specializes in providing entertainment equipment and services for corporate and private events.
New business is generated through a professionally-developed SEO'd website, word-of-mouth referrals and marketing efforts. There is a long-standing repeat customer base.
The business is busiest from mid-May to the end of September each year and requires the owner's presence during this time. During the rest of the year, the owner often goes away for a few months and manages the business remotely, relying on his one full-time employee and part-time contractors. There is also a spike of activity around Christmas time.
The owner does mostly sales, marketing, logistics and customer relations. He relies on his employee and sub-contractors for the physical set up and facilitation of events. During the busy season, the owner is in the office Monday to Friday from 8:00 a.m. to 2:00 p.m., and manages the business remotely the rest of the time.
The equipment of the business consists of a variety of entertainment equipment, such as bouncy castles, arcade games, laser tag sets, karaoke machines, etc., as well as trucks and trailers that are used for transporting the entertainment equipment to customers. The equipment was accumulated by the current owner throughout the years and can easily accommodate an increase in business volume.
There are no special licenses or skills needed to operate the business. The seller has agreed to assist the incoming buyer with one month of training to accommodate a smooth transition, and will also be available for consultations afterwards.
The business will be sold on an asset-sale basis.
For complete details on this great opportunity, please contact:
Paul Marchenko, MBA
Signature Business Brokers
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