Casino Events Service For Sale - Camarillo, California
Ad/Listing Information
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| Status: |
Off The Market |
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| Location: |
Ventura County |
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| County: |
Ventura |
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| City: |
Camarillo |
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| Financial Information |
Detailed Information |
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| Price: |
$200,000 |
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| Down: |
Call |
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| Revenue: |
$206,000 |
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| Adj. Net: |
$99,000 |
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| Relocatable: |
Yes |
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| Home Based: |
Yes |
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| Real Estate Included: |
No |
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| Bkr To Bkr Coop: |
Call |
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| Franchise: |
No |
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| For Sale By Owner: |
No |
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| Asset Sale: |
No |
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| Lifestyle: |
No |
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Description Of This Ventura County Casino Events Service Business For Sale:
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This Is A 21 Year Old Business That Provides Casino Events For Home Parties, Company Parties, And For Charitable Events. It Is Home based And Easily Relocatable. It Services Santa Barbara, Ventura, Los Angeles And Orange Counties. Assets Valued At Over 100,000 Include 2 Box Trucks, All The Gaming Furniture And Accessories To Conduct Craps, Roulette, Blackjack, Poker, And Big Wheel. This Has Very Low Fixed Overhead Business. It Has Always Been Profitable. It Is Home Based, Trucks Are Fully Paid For, And Employees, Who Are Independent Contractors, Are Paid For The Time Spent On A Particular Event. Down payment Of 25% Is Required At The Placing Of The Event Order And The Balance Is Paid Prior To The Start Of The Party/Event. Advertising Is Done On The Internet. The Owner Does Not Participate In The Running Of The Events. He Responds To Calls And E-Mail, Provides Quotes, Generates Invoices, Plans The Requirements Of The Event, And Loads The Trucks With The Proper Gaming Tables And Accessories For The Event. Gaming Furniture And Accessories Are Stored In The Trucks And In His Garage. The Company Has Over 100 Part time Driver And Dealers To Serve The 4 County Area. Dealers Are Selected On The Basis Of The Requirements Of The Event And The Physical Location Of The Event. Dealers Are Not Paid For Driving Time Or For Driving Expenses. Drivers Pick Up The Trucks At The Owners Home And Returns Them At The Completion Of The Event. Dealers are scheduled by an independent company that is paid 1 per dealer per event. Prior To The Economic Downturn, The Company Generated Profits Of 130,000. The Owner Believes That As The Economy Recovers, The Company Should Return To That Level Of Profitability. In Addition There Is A Significant Opportunity For Expansion Within The 4 Counties And Neighboring Counties For An Aggressive Marketing Oriented Person. Profit of 71,000 in 2008 is increasing to 88,000 in 2009. Forecast of 90,000+ in 2010 based on very good 1Q results.
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More Ventura County Information For Buying & Selling Ventura County Businesses
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