Asking Price: $158,500 Gross Revenue: $82,304Cash Flow: $62,116 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $60,000 included in asking priceFF&E: Not Disclosed included in asking priceReal Estate: Not Disclosed Share this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
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
Number of Employees:
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.
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.
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.
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or stake in the sale of this business and has not verified any of the information
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