Facts and Figures
Every event needs a space, every concert needs a space, every art show needs a space...and the list goes on.
The business for sale is a marketplace connecting projects with spaces and with some strong early stage traction is looking for someone to take it to the next level. This business has been run by sole founder Jae. Jae has led all product development, sales and marketing and with an impressive group of users including Netflix, Warner Bros, CBS and Vogue the business has reported an early stage profit of $4,000 monthly.
This business would suit someone with marketplace expertise. It would suit a lifestyle entrepreneur looking to connect spaces and projects in a confined geography or alternatively an empire builder looking for ubiquity.
The current owner performs all of the follow tasks:
- Answering customer support inquiries
- Website maintenance
- Producing content
- Executing marketing campaigns
All technical operations are outsourced.
On average owners will earn twice as much revenue for half the amount of time with this platform versus a traditional vacation rental site.
And, commercial real estate owners are trying to figure out how to fill their vacant retail spaces. It’s not unusual to see vacant commercial spaces in any given major city sitting empty for months and even years. But with the help of companies like this , listing these spaces for short-term use will drive occupancy levels.
Short-term rentals add value to commercial locations and should not be overlooked. It helps consumer confidence and ensures the idea of the space being desirable. Unused space is a wasted resource. Somebody has to pay the mortgage
The marketplace was orginally launched for the creative and entertainment industry but has quickly developed into a platform for everyone.
It’s for the mom and dad looking for the perfect venue for their child’s 1st birthday party through to a photographer looking for a space to shoot a magazine cover.
Our users come from a wide variety of industries from production and technology to consumer needs like birthday parties and bridals showers. While there may be a higher concentration of bookings in entertainment-centric regions of the world, this marketplace appeals to everyone.
- Large addressable market
- Scalable business model
- Strong brand
- Established enterprise level client base
- Evergreen niche
- High levels of automation
- Low CAC
- Premium domain
- The business has rented their spaces to business such as Netflix, Vogue, E! Channel, Warner Brothers and household names such as Nick Jonas, Bradley Cooper, Lady Gaga and Jessica Alba.
- Build and scale marketing and PR functions
- Introduce further revenue streams such as subscriptions
- Develop new features
- Increase basket size per customer
"I'd really like to see someone buy this who wants to grow the business and carry out the long-term vision of the brand. I'm willing to help the new owner and stay on for a few months if needed.
My intention with this marketplace was to create an international scalable business but can also be a small local business. There are many underserved cities in the US and world who need a platform like mine. There's been some interest globally."
- Social Media Accounts
- Trademarks and IP
- Personal Support After Sale
- All Brand Assets
- Customer Database
- Associated Domains
- All site content and files
Post sale support
This is support provided by the seller when transitioning the business to a buyer.
About the Seller
Jae is a proven self-stater and also has an innate love for the arts, entertainment and technology. Jae has experience as an independent producer and has worked in real estate acquisitions, where she developed and launched a successful campaign for the short-term use of our properties by renting to filmmakers and photographers.