14 yr Lifestyle Concierge B2C Services

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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

 


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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.




Steve Lukes
Business Broker / M&A Advisor
4551 Glencoe Ave., Suite 210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 164
Direct: (310) 871-2909
Lic#: 02092334

Logos Member of the California Association of Business Brokers Member of the International Business Brokers Association Member of the M&A Source Holder of the Merger & Acquisition Master Intermediary designation, M&A Source's highest qualification Holder of the Certified Business Intermediary designation, IBBA's highest qualification Holder of the Certified M&A Professional designation from Coles College Trained by the National Association of Certified Valuators and Analysts to conduct business valuations