MergerPlace

Boutique Wedding Planning Business

District of Columbia


  • Asking Price: $74,995
  • Gross Income: $84,271
  • Cash Flow: $56,729
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #209360
  • Established: 2011
  • Employees: 1

Business Description

This is a unique opportunity to own a boutique wedding planning company with a specialty in destination weddings in unique locations worldwide. The business is well-known and established in the luxury wedding market focusing mostly on high end weddings with an average budget of $250K. The clientele comes from all over the United States and abroad, but the business is well-connected in several areas including New York City.

Since launching the business seven years ago, the company has developed a stellar reputation, created invaluable relationships with industry partners, and has grown into one of the top destination wedding businesses in the country. The owner and founder has done an exceptional job building a friendly and down to earth organization without unnecessary pretension that puts clients at ease and results in truly amazing weddings. A significant amount of business is generated through referrals and word of mouth which will enable the next owner to hit the ground running.

The company’s personalized approach has earned it numerous accolades including Wedding Wire’s Couples Choice Awards the past three years in a row (an award that recognizes the top five percent of wedding professionals). The company also boasts consistent 5 star ratings on The Knot and Wedding Wire – the top two wedding planning platforms. Their work has been featured in multiple media outlets, including: Bride’s Magazine, Shape Magazine, Travel Weekly, The Huffington Post, Love Post, Style Me Pretty, Grace Ormonde Wedding Style, and Junebug Weddings to name a few.

The business operates out of a home office which allows for very low overhead and operating costs. The current owner is based in the Washington, DC metro area, but the business can be easily relocated to a new location. This is a great business opportunity for a motivated, energetic person who loves people, enjoys travel, and making dreams come true. It’s not often that a business of this caliber and track record comes to the market, so please contact us to learn more!


Business Details

Primary Business Category: Services - Other Services
Location: District of Columbia

Company Information

Year Established: 2011
Home Based: Yes
Franchise: No
Relocatable: Yes
Number of Employees: 1

Financial Information

Asking Price: $74,995
Gross Revenue: $84,271
Cash Flow: $56,729
Seller Financing Available: Yes

Property Information

Facilities:

Home based business.

Growth & expansion opportunities:

There is ample room for growth and expansion. The destination wedding industry has seen solid growth and with the right team in place this business could grow by 25% annually. The owner and founder has focused on specific markets, but a new owner might consider expanding to up and coming destination wedding locations. Another potential opportunity would be to grow the business into new areas like honeymoon planning, social events, and corporate event planning.

Competition:

There are wedding planners all over the country, but this company offers a unique proposition in that they are a U.S based business with a team of vendors and contractors in place at the destinations they commonly service. This offers clients the best of both worlds as they have an English speaking contact with American standards and a local team to be their “boots on the ground.” Additionally, the company has built strong relationships with the venues they have worked with and in many cases are the preferred wedding planner at these properties. This means that hotels/venues will contact the company with leads that almost always turn into bookings. What sets this business apart from the local wedding planners is the strong reputation and brand recognition in the U.S. market. As the destination wedding market continues to grow there have been several “mom and pop” type planners popping up in the destinations they commonly service. In most cases, there is only one planner involved with minimal wedding planning experience. They typically work with couples that are more on a budget, while this business focuses on the higher end market so they are not necessarily direct competitors.

Reason for selling:

Owner wishes to pursue other business interests.

Support & Training:

Seller will provide necessary training and support.

Contact Business Seller

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Business Listed By:

Michael Wade

Horizon Business Brokers, LLC