Established Wedding Planning & Design Business
Charleston County, South Carolina
| Asking Price: |
Gross: |
Cash Flow: |
| $225,000 |
$393,433 |
$123,046 |
Furniture and Fixtures Value:
$25,000 (included in the asking price)
Inventory Value:
$63,000 (included in the asking price)
Real Estate:
$580,000 ( not included in the asking price)
Business Summary:
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.
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| Year
Business was Established: 2004 |
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| Number of Employees:
3 FT/6 PT |
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| Facilities / Terms of Lease:
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. |
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| Potential
Growth/Expansion:
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. |
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| Competition:
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. |
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| Owner
willing to finance:
$22,500 down/$112,500 over 120 mos. @ 5%/Other Financing. |
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| Owner
willing to train:
Will train for 4 weeks @ $0 cost. |
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| Reason for selling:
Retiring. |
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| REQUEST MORE INFO |
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