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Business for Sale Summary

Prolific Entertainment Company in Kings County - 32459

Business Type: misc. servicel/non-classifiable,photo studio/development,seller financing available,entertainment
Prolific Entertainment Company in Kings County
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Financial Information (non-confidential)

General Information
Asking Price $450,000 Down Payment $225,000
Gross Revenues $950,000 Lease Remaining Register Free to View
Owner’s Cash Flow $250,000 Number of FT Employees Register Free to View

Financing

$225,000 Down and Balance $225,000 over 5 years at 7%

Business Description

This New York City, highly ranked entertainment network company has been in business for 25 years. They are a family run business, planning and performing at kids parties, Bar Mitzvahs, weddings and corporate events. They are the leaders in the technology/sales companies in the entertainment trade. They have grown their business into one of the largest parties and events services companies in New York, and they do over 1,000 events each year. They have over 10,000 clients in their I-Contact, an past clients include, Paris Hilton, Nasdaq, Fox News, Ellen Degeneres, Marc Jacobs and many more. Chances are, if you've thrown an event in the past, you very well might have used this company. They also are an industry equipment provider which rents party equipment to vendors and private events. This is a must see for anyone with a sales and/or catering background. Some services they offer are : - Magicians - Face painting -Bounce House -Photo Booths, -DJ's and EMCEES -Casino Games and Dealers -Party Planners Virtual Reality Games Equipment Rentals And more! They have seven professionally done websites to target a tremendous amount of traffic. Their Customer Relations Management (CRM) software is top notch and they have over 10,000 names in their database. The owners spent countless hours on their SEO (Search Engine Optimization) so they always are seen on the first page of any google search. The way their system is set up, they are always gaining new leads and potential clients. Take for example their Photo Booth Service. When somebody takes a picture in the booth, they are required to fill out basic information like email, so we can email you your pictures. Now that this information is stored in their data base, and these potential clients can be contacted with sales promotions. Due to this very strong data base, this business is totally scaleable. A good salesman can bring this business all across America. The upside potential is huge. The space is about 5000 square feet in size and the rent is $8000, but the owner currently subleases about 1500 sq ft for $3600, so they are only paying $4,400. This space is mostly used to store all of their event equipment. You can practically run this business from your home!! There is 5 years left on the lease with an option of a 10 rear renewal. They have almost $300,000 in equipment such as 3 Vans, DJ equipment, photo booths, and virtual reality equipment. The owners are willing to stay on for one month to give extensive training. Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.