Opportunity to own your own well-established Wedding Planning / Design business. Events have been featured in some of the country's most prestigious wedding publications. The team of designers offer several unique packages and serve a variety of request. In addition to the wedding event planning services, they also offer floral selections to create an added exclusive service.
- Asking Price:
- $225,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $393,433
- Cash Flow:
- $123,046
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
The business operates out of a two-story commercial building with 795 sq feet upstairs and 600 sq feet of storage garage space on the lower level. This building is a historic structure constructed in the early 1900s and renovated in 2013/2014. The building and land are available to purchase or lease from the current business owner. The property may be purchased for $580,000 or leased for $3,666 a month ($44,000) a year. The rent has been charged to the business to account for market rent.
Business Operation
- Expansion Potential:
-
The area's historic venues and coastal region continue to be very popular destinations for wedding events. Currently, 2023 is booked to capacity and several events have been booked for 2024. Additional crews could be added to fill the demand and handle multiple weddings on the weekends as opposed to only one event per weekend.
- Competition / Market:
-
The concentration of Event Planners has a low level of market share concentration. The high success of this business in the local market is due to a strong referral base and access to an experienced, highly skilled workforce.
- Reasons for selling:
-
Retiring.
- Trading hours:
-
Monday-Friday 9am-5pm
- Employees:
- 3 FT/6 PT
- Years established:
- 18
Other Information
- Support & training:
-
Will train for 4 weeks @ $0 cost.
Project management skills and event planning experience would be very beneficial to a new owner.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
$22,500 down/$112,500 over 120 mos. @ 5%/Other Financing.
- Furniture / Fixtures value:
- $25,000 - included in the asking price
- Inventory / Stock value:
- $63,000 - included in the asking price
- Relocatable:
- This business can be relocated.
