Special Event Rental Business-NW US

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Major Metro Area
Asking Price:
 Not Disclosed

Gross Revenue:
$2,000,000
Cash Flow:
$400,000
EBITDA:
$400,000
Inventory:
$1,300,000
included in asking price

FF&E:
$425,000
included in asking price

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Business Description

Single location party and special events rental company dedicated to serving one of the nation's top 25 MSAs. Strong, repeat customer base and experienced staff. Incremental revenue growth opportunities and increased market share exist opportunities through more aggressively sales and marketing not being pursued by current ownership.

Full service special event rental business providing tables, chairs, linens, tents, place settings and related equipment to corporate accounts, caterers, venues, wineries and special event professionals. Current ownership exploited two niches and took the business from less than $500,000 per year to current $2 million annual revenues. Ownership has since stepped back as absentee and oversight roles in recent years and business has remained flat since that time with little to no sales and marketing efforts. There are several opportunities for growth and increased profitability that could be realized with engaged ownership.

Current facility is highly visible, very attractive and well organized with plenty of room for growth. Current lease expires (option available) within the next 12 months giving new ownership flexibility for future. Business is located in an area with strong corporate clientele as well as easy access to strong niche business the company has developed over the years. Rental inventory of $1.3 million is in excellent condition and focused on high return, high end items that have given the Company a competitive advantage. Support equipment includes delivery vehicles, commercial dishwashing equipment, warehouse office and computer equipment of $425,000. Company uses industry leading software program for its rentals, billing and inventory tracking.

The Company has 19 full-time, well trained employees; competent and experienced General Manager (non-owner) will stay on post-acquisition. The Company is owned by partners nearing retirement age that have stepped back from day-to-day operations over the last few years and wish to exit the business. The sale can be structured as a purchase of assets from the LLC, to be delivered free and clear of all liens. Ownership is also open to carrying a portion of the sale via a fully amortizing note, given the right acquirer and terms.

About the Business

Year Established:
1990
Number of Employees:
20
Real Estate:
Leased
Facilities:
Facility leased from third party. Lease can be renewed or business can be relocated.
Rental inventory of $1.3 million is in excellent condition and focused on high return, high end items that have given the Company a competitive advantage.
Support equipment includes delivery vehicles, commercial dishwashing equipment, warehouse office and computer equipment of $425,000
Market Outlook/
Competition:
Company has not aggressively marketed itself in recent years relying on word-of-mouth and repeat business. At least one larger competitor believed to be vulnerable to market share loss.
Growth & Expansion:
Detailed growth/profit enhancement discussion available in book after execution of confidentiality agreement.
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About the Sale

Reason For Selling:
Retirement/exit.
Training/Support:
Experienced GM will remain with company. Owners have been in oversight/absentee role but available to help with transition

Listing Info

ID:
1379392
Ad Detail Views:
82

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Business Listed by
Gary Stansberry

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