Description

Children’s Entertainment BTI 8241 This is a life style service business that is involved with children's activities such as birthdays, bar and bat mitzvahs and graduations. They provide inflatable bounce toys, mazes, games and water slides. The company operates under a license agreement with the parent company which charges 4.9% of gross sales. The lease is a very favorable gross monthly rate @ 1,800 per month which covers all expenses water, electricity, taxes, maintenance etc. Tenant pays only for fire and liability insurance. The four PT employees are paid as W-2 employees on an "as needed" basis and are paid to use their own vehicles @ .15 cents per mile plus $20.00 per hour on site set up time.The owner takes home apx. $104,784 on an annual basis and maintains a steady source of income on a year to year basis for very little input on the daily work schedule. The owner has been in this business for +22 years and feels it's time to pass the reins over to the next generation. Easy to Run ! Easy to Own !Purchase Price: $200,000 Down Payment $200,000 Sales: $195,611 Cash Flow $104,784 For 12 months thru Dec 2013 from Sch C Rent is a Gross Lease $2,000 per mo No NNN Charges Bldg Size (SqFt) 1,800 Lease Exp: 02/28/2014 Option for One Year @ $2,000 per month Employees: FT: 0, PT: 4 Owners: FT: 1, PT: 0 Reason For Sale: Retirement Hours: Mon - Friday 8:00 - 5:00
Farley Gouner CA R/E Lic # 01271117 408-385-0402

Financial Summary

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