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Hospitality & Event Staffing Business Serving the Houston area

Houston, TX

Seller Financing Available

When Service Matters
Asking Price:$500,000
Rent:$1,750/Month
Established Year:2004
Gross Revenue:$858,000
FF&E:$26,500
Listing ID: 2289226Listing provided by BizBuySell
BUSINESS DESCRIPTION

Provides a wide range of experienced and professional "back of the house" and "front of the house" personnel to successfully complete contracted events for hotels, caterers, convention centers, country clubs, etc. The company has about 100 part time workers to draw on for its assignments with an excellent reputation for performance over a 20-year period. Company services dinners, parties, receptions, even rodeo events.

ATTACHED DOCUMENTS
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DETAILED INFORMATION
Location
Relocatable
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,000
Lease Expiration
31/12/2024
Employees
103
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Company rents a small office suite staffed with three people. Short term lease so company domicile can be changed to meet buyer's needs. FFE is office equipment and furniture valued by the owner at $26,500. About $1,500 in uniform inventory is kept on hand for worker purchases.
Competition
Houston has a stable and growing market for entertainment and social activities. Connections to all of the event providers keeps the company "top of mind" to its marketplace.
Growth & Expansion
There is opportunity for increased market share in the Houston area as it is populated by "mom and pop" businesses - with implementation of a dynamic business development program. Company needs young energy.
Financing
If financed by SBA loan, 10% seller financing is required. Owner ok with that.
Support & Training
Owner is willing to negotiate availability for a transition period to acclimate the new buyer and introduce to all clients.
Reason for Selling
Owner is retiring and wants to pass the business to new energy.
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Pierson
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