Event/Party Business Specializing in Balloon Decor

Undisclosed Address, Kentucky
Business Opportunity for Sale
Catylist Listing ID: 30872860
Property Subtypes: Professional Services
Building Size (RSF): See Agent
Sale Price: $275,000
Year Business Established: 2003
Gross Revenue: $368,290 (Annual)
Cash Flow: $90,000 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Relocatable Business: Yes
Last Updated: 7/8/2024

Overview / Comments

Established in October 2003, this local business began with the mission to provide local and corporate leaders with affordable employee recognition solutions. Due to client satisfaction and requests for additional services, the business has expanded to offer a variety of additional services focused on supplying events and parties with custom balloon decor, recognition materials, homemade fudge, gift baskets, party supplies, and more.

With over 20 years of history, the business features an exclusive list of local companies, organizations, non-profits, and corporate leaders looking to spice up their annual events, conferences, and special days at the office. Although B2B sales have been the focus, the business’s reputation has not been overlooked by more general customers looking to achieve the same WOW factor for get-togethers and birthdays.

In addition to the event and party services, the business also features a retail location in downtown Louisville that functions as a gift shop and headquarters for its operations. Interestingly, this is the only location that serves Graeter’s ice cream in a cup or a cone and is not a Graeter’s store! While this location has benefitted the business being situated next to many conference and event venues, the owner has stated that operations could find success almost anywhere in town since they provide delivery services. Fortunately for the buyer, the current lease could easily be extended or terminated in order to relocate the business, but it’s important to note that it is a very inexpensive lease rate compared to the area.

This is a prime opportunity for a creative individual with experience, or interest, in the event and party industry to expand their existing business or finally own their own. Typically, the business is run by the owner and 2-3 employees, but they do hire seasonally for busier periods.

The business sale will include all equipment, customer lists, digital assets, vendor relationships, training guides and videos, and more. Inventory (food, ingredients, gift shop products, etc.) is not included in the asking price, value will be determined closer to closing due to fluctuations, and purchased at cost to the seller by the buyer.

Attachments & Media

Additional Details

Industry Segment: Other Professional Services
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: Month-to-month - Flexible Landlord

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 4,672 15,818
Median Age: 40.64 36.68
Households: 1,768 6,403

Contact

Photograph of Listing Agent

Cal J Lewellyn

EXP Realty LLC KCREA Member
Photograph of Listing Agent

Stephanie L Gilezan

EXP Realty LLC KCREA Member
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