You could be the owner of a part-time, going on six-figure revenue photo booth business!
In the business since late 2014, we have established ourselves among our target clients (high-end weddings and brand events), to provide full-service and drop-off photo booth rentals. Since inception, we have grown our business revenue year-over-year, resulting in more than 570% overall revenue growth, with a 412% increase in net income.
Our "season" generally starts in September, and ends in May, with summers being low-traffic (i.e. take a vacation during this time!).
The company is set up to run at maximum efficiency, with automations, booking systems, website SEO, client management, online contracts/invoicing, and more. 2 employees are currently responsible for running each event, and owner currently runs additional simultaneous events, when double-bookings present themselves.
Growth from 2018 to 2019 resulted in 143% increase to gross revenue, with a 4% reduction in expenses, and an overall 159% net income growth. The same growth was expected for 2020, with the expectation of current COVID-impact on late spring/summer bookings.
Includes over $25k worth of fully-operational equipment, currently being used for events. Upcoming $12k in receivables for events currently booked. Revenue averages around $1750 per-event booked, with our most popular booked service at $2000+.
The business includes all assets, optimizations, and proprietary tech/features that put us at a major advantage for exclusive work stemming out of Southwest region (including celebrity weddings/events!).
Open to negotiations for interested parties.
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Property Features and Assets:
Assets are stored in a storage unit currently with a monthly rent of $96. Business is run from phone/computer out of 凯发k8娱乐手机APP下载home office.
Market Competition and Expansion:
Direct competition includes competing photo booth / entertainment companies. Most of these options are focused on a low-price point approach to win more clients, whereas we have been focused on a premium pricing approach to serve less clients, while taking in more profit.
Expansion opportunities include DJ, MC, party equipment rental, event photography, brand consulting, wedding planning, florist, music/other entertaining, etc.
Our company is one of the highest-ranked in the state, as well as the top-reviewed, giving us more clout and recognition. We are partnered with the top wedding and event planners in the state, and as a result, are the first choice when they are planning an event. In addition, our proprietary event-tech is exclusive to our business, and no one has been able to replicate it to the level of quality we provide, giving us access to premium events without competition.
Reason for Selling:
Other business opportunities
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is a 凯发k8娱乐手机APP下载homebased business opportunity.
- This is not a franchise resale opportunity.