BizEx67-JD: Gift Baskets for Star Clientelle

Background:

General Location:Van Nuys CA
Category:Services > Entertainment/Film Production Industries
Services > Other Personal Services
Years in Business:12
Under Present Owner:12
Hours of Operation:M-F, 8 - 6
Owner Hours:Full Time
Training:3 weeks, 30 hours/week
Organization Type:S Corp
Lease Expiration:Month to Month
Lease Options:None...
Building Size: 5,392 sqft
Employees:1 FT; 2 PT

Reason for Sale:
Spend more time with two young children

Financials

Asking Price:$350,000
Down Payment:$150,000
Gross Sales:$542,583
Discretionary Cash Flow:$194,545
FF&E:$ 17,600
Inventory Included?Yes
Inventory:$ 40,000
Minimum Operating Capital:$ 5,000
Real Estate Available?No
Real Estate Asking Price:$ 0
Rent:$ 600 / month
Payroll:$ 3,487 / month
Financing:Call

None...None...None...
Gross SalesNone...None...None...
Gross ProfitNone...None...None...
Disc. EarningsNone...None...None...

* YTD as of None..., ** = Prorated.

Broker Info


John DeGolyer
Business Broker
(310) 882-2200 ext 109
LIC# 01859016

Michael S. Davidson
Business Broker
(310) 882-2200 ext 101
LIC# 01257681

Summary

For Sale a premier gift services company for production services, corporate and celebrity clientele. Star Baskets was one of the original gift companies and has been a leading model in this industry for more than a decade. With 3,000 clients in constant contact with 300 active returning clients in a database the business is set up to maintain repeat business. The clients are 30% corporate, 70 % movie studios and celebrities, such as Matt Daemon. Regardless of the price range, Star Baskets has built a reputation and goodwill among its thousands of clients, always standing out from other companies with creative, high-quality gifts. Businesses see high touch gifts as an excellent marketing tool in an economy where people are competing for business. The ideal new owner is someone who is creative with gift giving and has new ideas and has the energy to constantly market and advertise these services. For more information on this business come to www.bizex.net and register or contact John DeGolyer at jdegolyer@bizex.net


More Details

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DISCLAIMER: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.