Summary: 
Providing Event Planning, D.J. and Video Services for Every Type of “Special Day”
Business Type: 
recreation
Business Type: 
leisure
Location: 
Nebraska
Price: 
$120,000
Sales Revenue: 
$114,222
Cash Flow: 
$31,164
Realestate Included: 
No
Internal Listing:: 
REC007
Reason for Sale: 
Out-of-State Owner

Description
Providing event planning, DJ and video services for every type of “special day,” this business has it all! Ready for a fun, upbeat and dynamic career? The owner runs this business from out-of-state and is selling to focus on building clientele in a market outside the Midwest. Currently owner handles initial client consultations, social media, scheduling and editing.

This company is a preferred vendor in both the Lincoln and Omaha markets -- so preferred that they are currently having to turn away potential clients! The current owner lives out of state, and a Nebraska-based owner would be able to expand the pool of subcontractors and take on more events. There are currently 10-15 1099 individuals hired on a per-project basis. Assets include all necessary equipment, website, digital assets and office space totaling $41,469 in value. Lease is currently month-to-month, allowing the new owner to run the business from home if desired. This company experienced a sales growth of 17% between 2013 and 2014. Owner’s profit after expenses was $48,396 in 2014 with easy growth opportunities and events scheduled through August of 2016.

Financial Overview
List Price: $120,000
Gross Sales
2015: $114,222
2014: $136,416
2013: $128,933
Owner Profit/Cash Flow
2015: $31,164
2014: $48,396
Profit Margin: 27%
Valuation: Cash Flow x Multiple = Price
$31,164 x 3.85 = $120,000

Assets Included in Purchase: $41,469
Equipment: $41,469 includes laptops, speakers, microphones, cameras, camera equipment, printers, etc.
Intangible Assets: Built-out website and active social media pages
Upcoming Work: Events scheduled through August 2016

*amounts may vary

Business Information
Established: 1990s
Location & Service Area: Eastern Nebraska (primarily)
Clients: 90% Weddings / 10% Corporate and Other
Lease: $550/month; could easily be home-based
Reason for Selling: Out-of-State Owner
Contractors: 10-15 contractors for events
Hours: By appointment only
Seller Training Period: 90 days of training and support
Growth Opportunities: Engage additional 1099 subcontractors
Current Owner’s Responsibilities: Initial client consultation, scheduling, editing

Funding Example
Purchase Price: $120,000
10% Buyer Down Payment: $12,000
20% Seller Financing: $24,000
70% Bank Loan: $84,000
A Buyer’s loan can be partially collateralized by the equipment and assets already part of the business.

Next Steps
For a detailed financial package, please contact Cortney Sells or one of The Firm Business Brokerage’s professionals at 402.998.5288 or email Confidential@TheFirmB2B.com.

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