This fun photo booth rental business books an average of 50 jobs per year under absentee ownership. The first of its kind in Omaha, the company lends itself to flexible scheduling and extra income. Events are worked by 2 attendants on a contracted basis, who also handle set up and removal of booths.
Jobs are split 50% weddings and 50% corporate, with the average billing at $699. Expenses are low, driving a huge profit margin of 61%. The company also has a booth placed in a local business that brings in good money during the College World Series.
In operation for 9 years, the current owner purchased it in 2016 and is looking to sell in order to gain capital for new investments. Listed at a phenomenal price, a buyer will gain a great side business for extra income. Someone looking to earn more could work events and rely less on employees. This is an excellent chance to take a creative company and grow it in many ways.
Book more events, hire more workers for events, increase digital ad buying, become preferred vendor for popular venues, expand to open photo booth rentals, expand service area
2 (1099 contractors) to work events
Support & Training:
90 days – simple training on software and printers that run machines; transporting booths
Purchase Price: $44,500
30% Buyer Down Payment: $13,350
20% Seller Financing: $8,900
50% Bank Loan: $22,250
A 30% down payment profits $20,688 in the first year after debt payments.
Reason For Selling:
Capital for new investments