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Advert Ref: BizEx60-KF

Hollywood Specialty Props Business For Sale

Details: Asking price:$1,650,000; Sales revenue:$1,000,000; Net profit:$550,000; Fixtures value:$400,000; Inventory value:Undisclosed

Business description: Business for sale in Los Angeles is a niche entertainment industry business that has a dominant position in the marketplace. Entertainment businesses have a history of being recession resistant so this might be just what you're looking for. The business has been in development and operations for the past ten years and has had steady revenues of approximately one million dollars per year the last several years and is positioned to generate a high profit margin. There is a significant capital barrier to entry in this niche and the company's resilience to the industries labor issues makes this a very attractive opportunity for the savvy businessperson. The business has the ability to act as a clearing house for many of the props used in this niche and just recently completed a six figure liquidation. Management has indicated that there is a demand for the company to open a site in the New York area which could make this very intriguing for anyone wanting a bi coastal operation. This business is essentially a turn key operation and with one more qualified employee the new owner could run much of the business from off site. The owner has another entertainment business that requires his attention so this one needs a new skipper. The business is in the process of becoming SBA approved for an acquisition loan.

General information: Years established:10; Employees: 3 FT; 0 PT; Trading hours: M-F 8-5; Real Estate: Lease; Support & training:Seller will train; Reasons for selling:Other business interests; Financing available?Call