Dating And Matchmaking Services
Location California,United States
Asking Price Range $500K - $1.0M
Gross Revenues $1718861
Net Profit / Cash Flow $150000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1997
Number of Employees 20 - 34
Relocatable No
Number of Employees 20 - 34
Real Estate Leased
Training Seller will train.
Reason for Sale Other interests.
Description California Matchmaking and Dating services business for sale with offices in Los Angeles, Orange County, Sacramento and the San Francisco Bay area. The company is a 16 year old premium dating service for busy professionals. It is the leading introduction matchmaking service for singles in California. They provide a range of services designed to enable its members to meet like-minded individuals according to their preferences and profiles. The Market for dating service is extremely large. There are more than 110 million single adults in the U.S., of which more than 40% have used or explored online services. The online matchmaking industry currently generates roughly $900 million of revenues per year.This is an excellent opportunity for an entrepreneurial buyer to build a significantly large business from a relatively small acquisition. New locations can be opened for about 50k and predictably can reach break-even in about 4-6 months. This is a tremendous opportunity for franchising and/or national expansion for the right buyer. The management is willing to stay on if a new owner chooses. In 2009 an experienced team acquired the business,and completed a restructuring and revitalization of the organization in 2010. They developed new and highly effective marketing and advertising programs. The Business became profitable healthy, growing rapidly and poised for expansion. In the last three quarters of 2012 the business had an unusual downturn.
The business as designed depends on the ROI from advertising. In the last presidential election an unpredicted and extreme jump in the cost of advertising and a steep decline of media availability hit the sales process. The business is expanding its strategy to cope with similar future events. In the first two months of 2013 they are recovering well in 2013. The owners are not involved in day to day operations. Earnings are EBITDA. Interested parties should call Stuart Gross at 310 882 2200 ext 418 for more information.
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