Super Profitable Event Decorating Business

New York, NY (New York County) (Relocatable)

Super Profitable Event Decorating Business
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Asking Price: Get Financing: $485,000

Cash Flow: $205,000

Gross Revenue: $575,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Lease Rate: N/A /SF

Established: 1995

Super Profitable Event Decorating Business

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Business Description

Please note that this listing has a price reduction from $585,000 to $495,000 then to $485,000 as of 4/24/2018. First time on the market! After more than 20 successful years in business, owners are ready to retire. Elite and impressive established clientele, GREAT amount of props, entire inventory, cash flow around $205,000 a year, and well-known business name. Their vendors treat them with the utmost respect and privilege as business owners pay their vendors’ bill early (always in about 15 days instead of 30).

Everything is documented! If you know this business that’s wonderful because this is a niche so it would help to have the right background but if not the owners will recommend a very successful individual that you can hire on a full-time basis if you would like to be more of an absentee owner. This business has a bright future as one of their esteemed referral sources started to have a BIG RENOVATION 3 years ago and the renovation is almost over so you’ll get more events from this source and as a result, the net cash flow will go up. Please note that; we have an indication of pre-approval for SBA loan from the bank! So if you have a good credit score, a down payment (around 15%) and experience in a similar industry or skill/personality for this business, you'd get approved! Owner offers support and training for a smooth transition.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Growth & Expansion:
Definitely big room to grow for the right individual.
Support & Training:
Owner is offering support and training.
Reason for Selling:
Retirement
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(from currently available funds)
 
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Teo Ucar

Business Listed By:
Teo Ucar

Synergy Business Brokers

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Sponsoring Broker:
Blake Taylor

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