Utah County, UT All Non-Classifiable Establishments For Sale

Non-classifiable EstablishmentsUtahUtah County

Select Categories Utah
Largest Lantern Festival Event CompanyFamily friendly event with major upside potential and returns of 20%
$7,900,000Cash Flow: $1,200,000Seller Financing
Largest Lantern Festival Event CompanyFamily friendly event with major upside potential and returns of 20%

Pleasant Grove, UT

The Lights Fest is the largest sky lantern festival in North America and operates throughout the US and Canada. We are looking at expansion into Europe, beginning in Ireland and England where we have already secured event locations. The company was formed in June of 2016 and we saw immediate success with ticket sales exceeding $1M within our first few months. Last year we ended with 9M in revenue doing around 40 events and netting $1.2M in profit. Future revenue will increase as additional venues and sponsorships are brought on. We also see this event becoming a "family" tradition as evidenced by a high returning customer % over 3 years of data now. Although we are looking to sell we are available if the buyer wants us to stay on and continue to run and aggressively grow it. The growth will come with additional venues outside of the US which we have started to work on and as well as sponsorships. It's important to note that we have run this business with a 15% net profit margin with no sponsorships. Most event companies need this in place to stay profitable. The lack of sponsorships is because of our aggressive growth since 2016 and lack of bandwidth to address it. This will only increase the net profit substantially once this area can be taken advantage of. We are working diligently in this area and are starting to see a model for bringing them on and through this we anticipate net profit to exceed 20%. We are still fully passionate about this business and have a deep understanding of the market and where expansion will come, because of this we are open to a buyer coming in to purchase 50% of business to show we are still motivated and ready to share in future profits. As part of this sale we will also train the new owner if they wish on our unique marketing through social media. Last year we briefly talked with a broker about selling and he had thought this piece alone could be broken off and sold as a separate marketing company because of the value. The Lights Fest has around 400K followers on facebook, 170K instagram followers and close to 500M impressions from Facebook advertising. Take a quick look at what people are saying...randomly on facebook, instagram, or hashtag #whatlightsyou https://www.instagram.com/explore/tags/whatlightsyou/?hl=en People and families LOVE this event. We have marriage proposals, date night, family night, special occasions, and a memory that will last forever once someone attends. Here is a youtube video of our event so you get and idea of what its all about! After watching this we hope your excitement comes out and you share it with us because this business has been built on passion towards creating a remarkable experience and business that everyone involved in can be proud of. If you become the buyer we hope you share in this with us. Its easy to... https://www.youtube.com/watch?v=MuZ-0LaMdag&t=24s Text or Call the owner Mark, I'm not a broker.

Become a BizBuySell Edge Member Today!