Asking Price: $440,000 Gross Revenue: $313,948Cash Flow: $170,723 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: Not Disclosed included in asking priceReal Estate: Not Disclosed Share this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
This rapidly growing business serves large groups of friends, families, teammates, corporate work associates (and even Chicago Bears!) to provide a unique way to celebrate a special event. The business has taken advantage of a growing industry across the world allowing it to offer fun activities for all age groups. Over the last 3 years, revenue has increased +85% and profit has increased +44%. The current owner is absentee and only works about 10 hours/week. The business has an experienced staff in place (willing to work for a new owner) that handles all day-to-day operations. The staff is experienced in designing parties tailored to specific age groups as well being able to match events to unique indoor or outdoor off-site facilities. The business leases a highly visible storefront in an affluent Chicagoland area. The landlord is open to lease extensions, if desired. Additionally, there is further room for expansion if the new owner wishes to grow the business in the current location. The business has a state-of-the-art website for convenient booking, marketing, and client tracking. Additionally, it has key partnerships with large Chicagoland associations, driving customers in the door.
Absentee Owned, Highly Profitable Party/Event Business
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the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
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