CREATIVE EVENT DESIGN DECOR AND DECORATIVE LIGHTING COMPANY

Undisclosed Address, Sarasota, FL
Business Opportunity for Sale
Catylist Listing ID: 30563424
Property Subtypes: Entertainment and Leisure, Professional Services
Building Size (RSF): See Agent
Sale Price: $895,000
In Opportunity Zone? Yes
Gross Revenue: $698,000 (Annual)
Cash Flow: $300,000 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Sale Terms: Buyer to sign CA/NDA. Provide Seller with proof of funds. Prepare Sale agreement, inspection period, financing period if needed. Then purchase company with all assets, name website goodwill etc.
Last Updated: 10/8/2020

Overview / Comments

PRICE REDUCTION. This is a Creative Event Design Decor and Decorative Lighting well established professional company creating lasting memories for special events and weddings with dramatic draping, lighting and custom decor. From big to small their talents of transforming spaces has created a large line of faithful clients. Willing to teach a new owner the art of lighting and decor so they can not only continue the quality expected but can take it that step further and grow to fit their own talents. The company creates breathtaking dramatic event lighting, chandeliers, up lighting, outdoor and wash lighting, They utilize the latest lighting technology along with traditional lighting techniques. Their design, installation, overall execution and quality services create beautiful results.

Additional Details

Industry Segment: Other Entertainment and Leisure
Reason for Selling: Owners retiring
Value of Inventory Included ($): $175,000
Value of Furniture, Fixtures, and Equipment ($): $25,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: The owners of the business also own the real estate and are willing to offer the new owners a short or long term lease.
Employee/Labor Description: Currently the company employs four full time and four part time employees.
Mgmt/Training Support Description: Owners are willing to train and assist with transition for up six months for a negotiated salary//fee/benefits.
Competition/Market Description: This business dominates the Southwest market.There is growth potential in this market along with the Southwest Florida market. The company is poised for growth and to be taken to the next level.
Growth/Expansion Opportunities: There is growth potential in this market along with the Southwest Florida market. The company is poised for growth and to be taken to the next level.
Seller Financing Description: Partial seller financing shall be analyzed on an individual basis and is certainly a possibility with the right buyer

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,403 83,281 168,325
Median Age: 41.53 45.43 47.86
Households: 6,284 37,116 77,217

Contact

Photograph of Listing Agent

Michael S Gallatin

SARABAY REAL ESTATE INC MFCRE Member
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