New Price! Party Supply Store- As Little As $25,000 Down!

Kingsport, TN

Seller Financing Available

Asking Price:	$225,000
Gross Revenue:	$385,662
Rent:	$3,316/Month
FF&E:	$38,000

Cash Flow:	$84,997
Inventory:	$50,000
EBITDA:	$133,469
Established Year:	2007

Listing ID: 2042731Listing provided by BizBuySell

BUSINESS DESCRIPTION

Party all year long making good money with this fun business!!

Here is your opportunity to own a profitable retail business that caters to party hosts, wedding event planners, and special event promotions. With the best selection of solid tableware in the Tri-Cities, this business also has over 100 party themes and sells catering supplies, general party decor and favors, and basic costume accessories. some rentals are offed, and a large component of the business is balloon decor and installation. Growth in the wedding planning and event management industry is fueling growth in the market. This spells opportunity!

This business is the only one of its kind in the area and survived the recession in 2009 and, most recently, the effects of COVID. This business has strong ties to several regional corporations that demand high-quality decorations for special events. It is a standout in the Tri-Cities market. A new owner will enjoy starting out with a loyal customer base that can help insure revenue and sales success for day one; revenue from the first day.

DETAILED INFORMATION

Location

Kingsport, TN

Inventory

Included in asking price

Real Estate

Leased

Building SF

3,100

Employees

Furnitures, Fixture & Equipment(FF&E)

Included in Asking Price

Facilities

This business is located on a heavily traveled thoroughfare in a strip shopping center with adequate parking and great exposure to traffic. The space occupied is 3,100 square feet. Being a retail store that carries extensive inventory, there is an abundance of merchandising fixtures needed to properly display the extensive inventory. The landlord takes care of most maintenance and repair under the terms of the lease agreement.

Competition

Sales for 2021 compared to 2020 increased $93,000. In the 2022, sales increased 9.24% over 2021. Sales for 2023 were 4.7% higher than 2022. Sales for 2024 are expected to equal 2023 sales. Competition exists from online stores, supermarkets/hypermarket, specialty stores, and others. Because of the size and inventory depth of this business, this business is well positioned to compete and continue to be profitable. Projected growth in the Tri-Cities area to 2030 will further enhance the chances of success for this particular business.

Growth & Expansion

See Market & Competition section. This business is well positioned to dominate in its market due to the depth of inventory, high word of mouth referral business, and the trend toward extensive balloon-based decorations for corporate and wedding events. Wedding decorations is one category that could be more aggressively pursued with an expectation of strong revenues for the effort.

Financing

This business is a pre-reviewed for SBA financing. 10% down, 10-year self-amortizing

Support & Training

Seller will provide a reasonable amount of training to insure a smooth, successful transition. Seller will consider being available to work in the business for a new owner based on mutual agreement on compensation and role in the business.

Reason for Selling

Three daughters, all playing sports tells it all. Time to enjoy family.

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