Background
| BizEx ID: | BizEx1317-SL |
|---|---|
| General Location: | Los Angeles, San Francisco and New York, CA |
| Category: |
Other Personal Services Consumer Services (B2C) |
| Years in Business: | 12 |
| Under Present Owner: | 12 |
| Hours of Operation: | 9am-5pm local times |
| Owner Hours: | all |
| Training: | 4 weeks @ 20 hours |
| Organization Type: | LLC |
| Lease Expiration: | month to month |
| Lease Options: | |
| Building Size: | n/a |
| Employees: | 0 |
| Reason for Sale: | other career focuses |
Financials
| Asking Price: | $650,000 |
|---|---|
| Down Payment: | Negotiable |
| Gross Sales: | $1,210,000 |
| Discretionary Cash Flow: | $300,000 |
| FF&E: | |
| Inventory Included? | No |
| Inventory: | $0 |
| Min. Operating Capital: | $42,000 |
| Real Estate Available? | No |
| Rent: | $775 |
| Financing: | SBA |
| 2021 (projection) | 2020 | 2019 | |
|---|---|---|---|
| Gross Sales | $ 1,210,000 | $ 761,444 | $ 755,828 |
| Gross Profit | $ | $ | $ |
| Disc. Earnings | $ 300,000 | $ 266,705 | $ 263,388 |
Pictures
Description
A 14-year-old well-branded boutique lifestyle management firm offering relocation, professional organizing, and on-call personal assistants. The company is operated primarily in a virtual environment with a focus on New York, Los Angeles, and San Francisco markets.
- 2021 Jan-July revenue was $703K v 2020 Jan-July was $340K
- Total projected 2021 revenue is 1.25M, almost 50% growth
- Large base of repeat, high net worth clients
- SBA approved for the right buyer
- Two owners are in traditional management roles, they do not perform the services themselves and they work about 10 to 15 hours per week each
- Loyal and well-trained staff with flexible contract hours, most have been with the company for years
- Business is expandable to other geographical regions
The company has built a growing customer base by offering quality services through their well-trained staff, all of this has been expanded by word of mouth. They are doing no sales or marketing, other than maintaining their website and few social media sites. A new owner would benefit by leveraging marketing and advertising skills to expand the client base in existing cities and to other areas. Or a new owner might have an existing service company and seeking complimentary services for cross marketing opportunities.
Please contact Steve Lukes, M&A Advisor, 310-871-2909 or slukes@bizex.net
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.
