Party Event Rentals

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Party Event Rental
Asking Price:
$158,500

Gross Revenue:
$82,304
Cash Flow:
$62,116
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$60,000
included in asking price

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

This award-winning event rental business was founded in May of 2014 and has been growing each and every year. The founders are a husband and wife team that decided to work the business as owner operators and did not take on any employees to date. Much of their inventory is around two years old because they have purchased additional inventory as the business has continued to grow. The business is definitely positioned to be taken to the next level with focused ownership.

About the Business

Year Established:
2014
Number of Employees:
1 FT
Relocatable:
Yes
Facilities:
Depending upon the location style of the owner's property, the business certainly could be run from home or from a commercial location as well. The current owners use a combination of working from home at times as well as meeting clients at their showroom location by appointment. Their commercial showroom is located on an extremely high traffic count highway (Route 15) and they lease approximately 700 total square feet. 300 square feet is used for the showroom and 400 separated square feet is used for storage of the inventory. At the current location, there is room for expansion if extra space is needed as the business continues to grow. The current owners are on a month to month lease.
Market Outlook/
Competition:
There is limited competition in this business within the 45 minute radius of the businesses location which is the approximate service area. Of the four main competitors, only one is somewhat focused on event rental equipment. The other three competitors have alternative sources of revenue they focus on such as catering, commercial/industrial equipment rental, garden equipment rental, restaurant ownership, etc. This business is strictly focused currently and specializes servicing the party, event and wedding markets.
Growth & Expansion:
The company caters primarily to brides, wedding coordinators and clients arranging baby showers and all types of parties. Although they have done limited corporate function business, this is a market that is certainly available to pursue to increase the revenue stream. One very significant repeat customer in the corporate market is Hershey Entertainment and Resorts. This is a great company to use as a base to build upon if corporate business is part of the new owner’s business plan.
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About the Sale

Reason For Selling:
To pursue and focus on their other ventures.
Training/Support:
Will train for 3 weeks @ $0 cost.
The primary service provided is the delivery, set-up and pick-up of rented items for weddings, receptions, baby showers and parties. The core products used to service these markets have been five different styles of chairs, tables, table cloths and a dance floor.

Listing Info

ID:
1561093
Ad Detail Views:
201

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Business Listed by

Jack Greenawalt

Murphy Business & Financial Corporation

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