Profitable Lighting and Design Company -- Virginia

VA (Relocatable)

Profitable Lighting and Design Company -- Virginia
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Asking Price: $359,000

Cash Flow: $133,339

Gross Revenue: $610,465

EBITDA: N/A

FF&E: $254,318

Inventory: N/A

Established: 2012

Profitable Lighting and Design Company -- Virginia

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Business Description

How would you like to own a company that transforms spaces and creates wonderful, magical experiences for its clients through the power of lighting design?

This Virginia-based lighting and production design company services a variety of customer types from wedding receptions, corporate events and private gatherings to custom restaurant and eatery environments. The company works hand-in-hand to create exactly the right event and space personality to suit the client's specific needs -- a completely turn-key service execution from planning, design, execution, to program conclusion with no stress or worry.

The business' competitive differentiation is enabled by executing a core value that places customers first and then delivers on a passion to make a lasting impression by leveraging years of experience in the art of lighting design. They deploy the latest, most advanced technology to design light effects which make meeting spaces more beautiful, impactful and memorable so that the real-time event is special and the photographic images capture lasting memories.

The formula is working with impressive top-line revenue growth of 116% since 2015 to over $600,000 last year with annual operational cash flows of $133,000 on average for the last two years. From the initial planning and design of the lighting, to the installation, to managing the lighting onsite, the dedicated staff work tirelessly to help clients achieve and deliver on the event's vision. They work to illuminate the event, but more importantly, focus on creating the surroundings to illuminate memories.

Detailed Information

Employees:
4 FT/9 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business is housed in a 2,400 square foot space that includes a customer design studio, management offices and equipment storage. The lease is $1,830/month and runs through December 31, 2019. A renewable option is available and owner is presently exploring other options as well.
Competition:
There are no direct competitors or other companies in this geographic territory of Virginia who specialize in lighting design for weddings and events. Secondary competition includes lighting and sound companies, event planning companies and catering companies. Given the relatively low competitive density and specialized lighting expertise around wedding events, the customer footprint of the business has been expanding organically into adjacent market areas.
Growth & Expansion:
The business has become well known and well regarded among its client base. Both its geographic footprint and client base is expanding and it is well positioned for future growth in 2019 and beyond, especially in the wedding segment. The business is currently planning to add staffing in order to fully leverage and capitalize on this growth. The business is an excellent target for individuals in the lighting design field desiring to own their own enterprise and/or for existing lighting and production companies seeking to grow by acquisition into neighboring geographies or client segments.
Financing:
Lender pre-screened with $36k down.
Support & Training:
Will train for 4 weeks @ $0 cost. Specific client services include: complete lighting planning and design installation & on-site management bistro lighting pin spots chandeliers lanterns led lighting design custom lighting d├ęcor audio/visual
Reason for Selling:
Selling to be able to devote more full-time energy & passion to other business.
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Hal Feder

Business Listed By:
Hal Feder

Murphy Business & Financial Services LLC

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Sponsoring Broker:
Frank Chebalo, CBI, ABI, CMSBB, CBC

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