Absentee Owned, Highly Profitable Party/Event Business

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Asking Price:
$440,000

Gross Revenue:
$313,948
Cash Flow:
$170,723
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

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.

About the Business

Location:
Chicago, Illinois
Year Established:
2015
Number of Employees:
8
Relocatable:
Yes
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About the Sale

Reason For Selling:
Other business interests
Training/Support:
The owner is willing to train/assist the new owner
Seller Financing:
0

Listing Info

ID:
1636453
Ad Detail Views:
0

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Business Listed by

Sun Acquisitions

Sun Acquisitions

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