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    • Event Planning & Production with Large Inventory

      Event Planning & Production with Large Inventory

      Business Type

      Services - Rental and Leasing

      Area Houston
      County State Nebraska
      Property Status Established Business Asking Price $489,000.00
      Down Payment Total Debt
      Gross Sales Total Income
      Total Expenses Terms
      Listing Flyer
      Summary
      List Price:$489,000
      Gross Sales 
         2017: $728,448
      2016: $792,203
      Owner Profit/Cash Flow
         2017: $251,576
      2016: $141,154
      Profit Margin: 35%
      Multiple: 1.95 
      Valuation: 2017 Cash FlowxMultiple=Price
                  $251,576x1.95=$490,573

      Business Assets: $786,617
      Equipment: $125,000 in stage sets
      Intangible Assets: Reputation, industry contacts
      Inventory: $661,617 in drapery and hardware (the sellers maintain more inventory than is needed) 

      *amounts may vary

      Business Information
      Years in Business: 15
      Location and Service Area: Houston
      Services: 10% planning / 40% production / 50% rentals
      Clients: 40% Corporate, 35% A/V partners, the remaining are fundraisers, private events, etc. 
      Events: 150 – 175 events per year; 30% of events need services from planning through to set up of sound, lighting and décor (sound and lighting are outsourced)
      Building: Storage space for inventory is needed
      Reason for Selling: Retirement
      Employees: 30 crew members (1099 subcontractors with a good core of 6 regulars)
      Seller Training Period: 90 days
      Growth Opportunities: Increase marketing & sales, especially outside of Houston. Do tradeshows and network with chambers of commerce. Work closely with caterers for referral business.
      Current Owner’s Responsibilities: Sales, scheduling, site surveys, show management


      Funding Example
      Purchase Price:$489,000
      10% Buyer Down Payment:$48,900
      10% Seller Financing:$48,900
      80% Bank Loan:$391,200

      A 10% down payment of $48,900 returns $172,058 in the first year.

      Description

      Producing and planning creative events for over 15 years in the Houston area, this successful business is ready for your vision. From large scale public events to weddings, this company has a retail inventory that can accommodate over 150 events each year.  More than half of clients come specifically for pipe and drape rentals, and the sellers have maintained a huge selection of styles and colors to assist with any event.

      Roughly 30 subcontractors are in place to help with setting up décor and equipment, and the sellers consistently rely on a good group of 6 to 10 regular crew members. Services are split 10% planning, 40% production and 50% rentals, with around 30% of clients needing help with décor, sound, lighting and more. While the company can accommodate some staging, sound and lighting for smaller events, these services are generally outsourced to one of 10 strategic partners.

      A buyer would need to have storage space ready to accommodate the inventory, but as the sellers do keep more inventory than is necessary for success, a space of about 2,500 sq. ft. should suffice. With a good name and strong relationships in place, this is an excellent business to grow through increased marketing and partner alliances.

       
      Print Listing
  • Lease / Asset Information
    • Rent Rent Deposits
      Lease Ends
      Accounts Receivable Square Feet
      Inventory Inventory Included No
      Furniture, Fixtures, and Equipment (FF&E) FF&E Included No
      Other Assets Assets Included No
  • General Business Info
    • Other Information
      Employees Part Time Employees
      Hours Open Days Open
      Year Established
      Training
      Selling Reason
      Property Features
  • Images
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About the Broker....

The Firm Business Brokerage

Cortney Sells
11550 West Dodge Road
Omaha, Nebraska 68154
Phone: 402.998.5288
Fax: 402.939.0857
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Contact Information

Contact Name Cortney Sells
Phone # 4029985288
 

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