This award-winning event lighting company specializes in creating captivating lighting designs for some of the globe’s most prestigious occasions and business events, as well as weddings, corporate events, galas, and celebrations. The company, which boasts a storied history and an unparalleled reputation, is renowned for its innovative approach and meticulous attention to detail. Their team transforms event venues with enchanting lighting solutions tailored to each client's vision, setting the standard for excellence.
- Asking Price:
- $5,500,000 Furniture / Fixtures included
- Sales Revenue:
- $7,300,000
- Cash Flow:
- $1,700,000
Property Information
- Real Estate:
-
Lease
- Leasehold Rent:
-
$2,314,000 per annum
- Premises Details:
-
This opportunity’s 14,800-square-foot location leases for $23,795 per month on a lease until July 2026, with options to be negotiated in the sale. All of the company’s furniture, fixtures, equipment, and goodwill will be included in the sale.
- Size in square feet:
- 14,800
Business Operation
- Expansion Potential:
-
New management may take this opportunity to the next level by expanding their geographic footprint to adjacent cities or event-driven locations such as Las Vegas, Miami, and New York. They may couple lighting with other key event-oriented services such as furniture rentals, stage or audio-visual-related services, floral arrangements, and more. Should an acquirer already command an established presence in any complementary industry, they will be able to leverage this brand’s stellar reputation and coveted client base to cross-promote their existing service offering.
- Competition / Market:
-
As Los Angeles is not only home to the entertainment industry but also to Hollywood galas, national corporate events, and celebrations thrown by the who’s who list of global celebrities and business leaders, competition is strong. The firm has mastered the art of staying ahead of the competition in this industry by maintaining a relentless commitment to excellence and swift adaptation to their distinguished client’s evolving preferences. In doing so, they are able to push the creative boundaries in the industry to capture clients' imaginations while showcasing their unique flair and technical proficiency.
- Reasons for selling:
-
Retirement
- Employees:
- 63
- Years established:
- 1983
