Description of the business for sale
The company is a full-service boutique agency with Entertainment and Lifestyle Divisions. The partner that operates the Lifestyle Division is retiring and desires to sell her 50% interest in the agency.
The Entertainment Division represents new, cutting edge performers, as well as established actors while the Lifestyle Division specializes in health and fitness, beauty, fashion, juvenile products, experts and events. Created in 1994 by the partners, the firm excels in its ability to blend media savvy with creative and innovative publicity campaigns. Their services include tailor-made public relations and marketing campaigns, and special events, as well as book, music and film tours. The company prides themselves on the synergy between the entertainment and lifestyle divisions. The company also maintains a New York affiliate and publicist in entertainment and lifestyle in Manhattan.
The company has experienced substantial revenue and profit growth over the last three years. Revenues have increased from $645,374 in 2003 to $1,286,681 in 2006. This represents almost a 100% growth rate in revenue. The cash flow has grown from $320,805 in 2003 to $510,785 in 2006. This represents almost a 65% growth rate in cash flow. The $650,000 purchase price represents a 50% interest in the company.
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Support / Training provided by seller
The current owner would like to act as a consultant during the transition period.
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Description of the facilities
Office Building. The firm will continue to operate under the current lease with the new partner becoming a principle on the existing lease.
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