1419 Story AveLouisville, KY 40206

For Sale
$275,000

Thriving Party & Balloon Decor Business

Overview

Added:
Dec 11, 2024
Days on market:
96
This established Louisville, KY business, operating for over 20 years, offers custom balloon decor, gift baskets, party supplies, homemade fudge, and employee recognition items. Boasting a strong online presence with high ratings on Facebook, Google, and Yelp, it enjoys a loyal customer base of both businesses and individuals. The business generates a substantial NOI of $80,478 (2023), representing a 29.26% cap rate on an asking price of $275,000. The current owner averages over $90,000 annually. The sale includes all equipment, customer lists, digital assets, vendor relationships, and training materials. A prepaid Balloon Coach course is also included. The owner provides six weeks of transition assistance. The business operates from a retail location in downtown Louisville, offering a convenient base of operations. The lease is easily renegotiable, allowing for relocation if desired. This presents a unique opportunity to acquire a profitable, turnkey business with significant growth potential in the event and party industry. Inventory (food, ingredients, gift shop products) is not included in the asking price and will be purchased separately at cost. The business is easily adaptable and can be combined with other services in the event and entertainment industry.

Highlights

  • $275,000 asking price for a stabilized, owner-operator Class A business.
  • $80,478 NOI (2023), yielding a 29.26% cap rate.
  • Established Louisville, KY event/party business with a 20-year history, specializing in custom balloon decor, gift baskets, party supplies, and more.
  • Strong online presence with high ratings on Facebook, Google, and Yelp.
  • Existing client base of B2B and B2C customers.
  • Relocatable business with a flexible lease; current location offers inexpensive lease rate.

Property Details for 1419 Story Ave

Property type
Investment properties, Other commercial real estate
Class
A

Location Insight

City
Louisville
County
Jefferson
State
Kentucky
Latitude
38.2572215
Longitude
-85.7258558
1419 Story Ave, Louisville, Kentucky

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1419 Story Ave
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