620023-PS_Children's Party & Events

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Profitable! Expandable! Established! Growth Potential!
Asking Price:
$49,000

Gross Revenue:
$26,114
Cash Flow:
$10,603
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$1,000
not included in asking price

FF&E:
$3,000
included in asking price

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Business Description

This party event center has been a successful business for 3 years. They offer variety of party themes and packages that are hosted at this event space. Party themes are for both boys and girls.

About the Business

Year Established:
2015
Number of Employees:
1
Real Estate:
Leased
Building Sq. Ft.:
800
Lease Rate/Sq. Ft./Mo.:
$1,677.00
Facilities:
This party event center has been a successful business for 3 years. They offer variety of party themes and packages that are hosted at this event space. Party themes are for both boys and girls. There is room for 24 children. Owner started this as a part time and has steadily increased sale each year. Most of the events happen over the weekends. Owner is leaving due to a promotion at the current job. Perfect opportunity for the new owner to come in and take it to the next level.
The business produced gross sales of $33,850 in 2017 and on track for $48,000 in 2018 and an EIDA of $15,000 for the 2017 fiscal year and on track to net $20,000 in 2018. This is a business that shows reliable income and a high growth potential.
Market Outlook/
Competition:
Many different party themes.
Growth & Expansion:
Add a kitchen or partner with a food supplier, baking / cooking parties.
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About the Sale

Reason For Selling:
job promotion
Training/Support:
2 weeks
Seller Financing:
10000.00

Listing Info

ID:
1539191
Ad Detail Views:
302

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Business Listed by

Raj Prasad

Transworld Business Advisors of Richmond VA

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Sponsoring Broker:

Transworld Business Advisors CEO, Rupesh Bharad
Transworld Business Advisors of Richmond VA

U.S. Census Data for Henrico County, VA
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Henrico County, VA
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Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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