Event Management Company Investment Opportunity in Dubai, United Arab Emirates
Established | 1-5 year(s) |
Employees | 2 - 5 |
Legal Entity | Limited Liability Company (LLC) |
Reported Sales | USD 20 thousand |
Run Rate Sales | USD 46 thousand |
EBITDA Margin | Operating at loss |
Industries | Event Management + 1 more |
Locations | Dubai |
Local Time | 6:28 AM Asia / Dubai |
Listed By | Business Owner / Director |
Status | Active |
- We are a one stop shop that provides various party supplies.
- It is a unique concept in the UAE and we have been taken in under a well known incubator started by a large software developer group.
- We operate through a mobile app that has been developed for both iOS and Android. We are looking to develop our website going forward to mirror the app.
- Have been running for over 8 months and we have over 20 vendors for bakery products. Some of the vendors are listed with their brand name and some are white label on our platform.
- We also have party talent such as clowns and dancers listed on the platform but currently the bookings for these are minimal.
- For party supplies we have a supplier from whom we procure all the materials as white label.
- We charge a commission of 20% to the bakery vendors on every transaction and for the party supply products we have a margin of 60%.
- Have a dedicated temperature controlled van for delivery of cakes and flowers. The van also has a helium attachment for filling up balloons.
- On a daily basis we receive around 7 orders per day for different combinations of party supplies or cakes.
- In our first 3 months of operations our total revenue was AED 25,000. Our revenue has been growing exponentially but since we are still in the initial phases we have been operating below breakeven.
- We aim to develop the brand through marketing and technology upgrades to help generate a profit in the future.
- Promoters have over 7 years of experience in the field of marketing and vendor management.
- Value of the mobile app by itself with the licenses is expected to be AED 450,000.
Mobile app for party planning and party supplies such as cakes, balloons, flowers and party talent (clowns, dancers and magicians. )
The business does not own any physical assets.
Rented office for our operations in Dubai which is operated from within our Incubator.
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Earlier than 15 daysDirector, Contracting, Abu Dhabi, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysExecutive Assistant, Hospitality, Mumbai, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysManaging Director, Digital Marketing, Dubai, Corporate Investor / Buyer connected with the Business