Management Company and Charity Raffle Business
Off-MarketMiami, FL
Management Company / Charity Raffle Business
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$7,000,000
$1,100,000
15.7%
1983
30+ Days
Customers
Individuals that purchase raffle tickets and packages for weekly prizes including vintage cars such as Corvettes, Mustangs, and other vehicles.
Customer Acquisition
Business revenue comes from SMS/email campaigns (46%), phone sales (15%), and Facebook ads (26%), targeting a 43-year-accumulated customer database.
Team
Has a sales team of about 6-9 people, including a sales manager who receives a 25% commission on purchased raffle tickets.
Owner's Role
Primary operational responsibilities include sourcing prizes (18 hours monthly), content creation (photos and videos), and managing existing customer relationships.
Reason for Selling
Owner is looking to retire but would likely be involved during a transition period.
Contracts
No
Real Estate
No, I rent an office for $10K/month.
When Are You Looking to Sell
6-12 months
Licenses Required
Unique legal structure requiring 501(c)(3) charity status to operate raffles. Because you cannot sell a non-profit / charity business, the owner has structured a management company that has a 20 year contract to manage the charity which would be for sale.
Additional Notes
The business runs approximately one raffle per week, with grand prizes valued around $200,000 and secondary prizes between $25,000 and $75,000 each. The charity is mostly associated with drunk driving victims. It leverages connections with over 250 rock stars and actors, with notable supporters including Ozzy Osbourne, Phil Collins, and Jack Nicholson.
Business ID: 1442
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