Well Established & Profitable Live Music Entertainment
Miami-Dade County, Florida
| Asking Price: |
Gross: |
Cash Flow: |
| $349,000 |
$331,100 |
$131,191 |
Furniture and Fixtures Value:
$5,000 (included in the asking price)
Business Summary:
YOU DO NOT HAVE TO BE A MUSICIAN TO RUN THIS BUSINESS!!!This is a Very Well Established Live Music Entertainment Company. It owns 2 mayor music Bands which it books for all events requiring live music entertainment such as Weddings, Corporate Events, Galas, Shows, Etc. The Bands are flexible (6-12 members) in terms of how many band members will perform at each event giving this company maximum flexibility to adjust to the customer's needs. The Company and the Bands have been around for such a long time that 50% of the business is Referral Business due to the fact that people love the Musical Experience of the performances. The other 50% comes from Internet searches, etc. Additionally, 20% of the business is repeat business while 80% is new business. The Company has a profit margin of approximately 45%, and already has bookings with deposits for 2024 which represent 33% of this year's business. Additional services include DJ's, Combos, String Ensembles, and more. The Business has been lender pre-qualified, and 10% down payment will get you in the door. Additionally, with 20% down the Seller will finance the balance (80%). By the way, did I mention you can run this business from your home in your pajamas ...?
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| Year
Business was Established: 1995 |
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| Number of Employees:
1 FT |
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| Facilities / Terms of Lease:
The Company is run out of the Owner's Home, it does not require any storage facilities. |
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| Potential
Growth/Expansion:
The Owner is 65 years old and has run out of steam. With fresh blood and fresh ideas this is an ideal platform from which to jump to higher and higher levels of revenue. For example by increasing the amount of music brokerage in different genres of music such as Classical (String Quartet for example), Jazz, Etc. |
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| Competition:
There are 5-6 companies that compete with this Company. Mostly the competition are agencies/brokers that do not handle a dedicated band or bands like this Company so their business models are different. The Company has very aggressive/competitive pricing that allows it to compete favorably in the Live Music Entertainment business. |
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| Owner
willing to finance:
$69,800 down/$279,200 over 120 mos. @ 8%. |
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| Owner
willing to train:
Will train for 4 weeks @ $0 cost. |
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| Reason for selling:
Retirement. |
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| This business is Home Based.
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| REQUEST MORE INFO |
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