B2C Lux travel, adventures, events and concierge

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Background

BizEx ID:BizEx1335-SL
General Location:Los Angeles, CA
Category: Computer & Software
Consumer Services (B2C)
Years in Business:12
Under Present Owner:12
Hours of Operation:flexible
Owner Hours:
Training:12 weeks @ 3 hours
Organization Type:S-Corp
Lease Expiration:
Lease Options:
Building Size:n/a
Employees:0
Reason for Sale:other career interests

Financials

Asking Price:$350,000
Down Payment:Negotiable
Gross Sales:$2,016,707
Discretionary Cash Flow:$157,849
FF&E:no
Inventory Included?No
Inventory:n/a
Min. Operating Capital:
Real Estate Available?No
Rent:

2020 YTD 2019 2018
Gross Sales $ 265,525 $ 2,016,707 $ 1,865,905
Gross Profit $ $ 362,368 $ 515,439
Disc. Earnings $ $ 157,849 $ 313,893

Pictures


Description

A lifestyle and concierge business with two brands.  One brand offers premiere lifestyle, personal concierge, and luxury travel service to High-Net-Worth and Ultra High Net Worth individuals at a costs of thousands of dollars per year.  While the other brand is a few hundred dollars per year membership offering luxury travel, perks and exclusive access to elite events and it caters to entrepreneurs, business professionals, and those searching for premier lifestyle services. The 2nd brand is newer to the market and is just starting to gain traction, while the other brand has been around for 12 years, but recently hit by the global pandemic. 

- 2M in revenue in 2019 and 265k in 2020 revenue thru July (pandemic impact), no EBITDA or SDE cash flow in 2020

- Seller will consider all creative offers due to the 2020 shutdown

- a well design app for one of the brands

- excellent brand recognition within the industry

- lengthy list of partnership in place

- current owner is the founder and is willing to train and advise new ownership 

Please contact Steve Lukes, M&A Advisor, 310-871-2909 or slukes@bizex.net


Download Setup Sheet



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