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Event Rental Company – Increasing Sales For Sale

Maine, US
Asking Price:
$350,000 (USD) Furniture / Fixtures included
Sales Revenue:
$350,000 (USD)
Cash Flow:
$135,000 (USD)

DESCRIPTION: The versatility of this business means that it has survived the pandemic well. Sales for 2020 exceeded the last four years. Long-term tent rentals increased. There are events rescheduled for 2021 as well as new bookings. Future sales should be outstanding due to pent-up demand. This is a full-service event rental company with an extensive selection of equipment and accessories for all types of special occasions. The rental inventory is high quality and in excellent condition. Over $35,000 of new equipment was purchased in 2020. Customers include businesses, educational and religious institutions, non-profit organizations, families and individuals. The business is open year-round, but sales are seasonal.

Property Information

Real Estate:

Lease

Lease Terms:

The real estate is owned by the seller, who will provide a new owner with a favorable long term lease, or the real estate may be purchased.

Leasehold Rent:

$40,200 (USD) per annum

Premises Details:

The business has an inviting and attractive showroom that features a wide variety of rental items as well as photos and albums of tents, bounce houses, and it’s many other offerings. It has spacious storage both on and off-site.

Size in square feet:
7,000

Business Operation

Expansion Potential:

The party and event rental industry is expected to grow consistently on an annual basis. This business has the capacity for high growth without major new rental equipment purchases. Advance bookings indicate excellent growth for the coming year. Better social media advertising would boost sales even higher.

Competition / Market:

There are many competitors in the state, but the company’s equipment inventory is large enough to compete with the larger party rental companies, including out-of-state companies. The company’s longstanding reputation for excellent customer service, personalization, and attention to detail sets it apart. It designs and creates environments for events based on the individual preferences of the customer. Today’s clients are looking for a company that can fulfill their needs for customized services and experiences in addition to a variety of rental options.

Reasons for selling:

Retirement

Employees:
1 FT / 5-15 PT
Years established:
Established in 2004

Other Information

Support & training:

The owner is committed to the company’s continued success and will provide support training to assure a smooth transition.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Anticipated Seller & Bank TBD. Down Payment TBD. Working Capital Needed $25,000 depending on the season. Inventory $2,000

Furniture / Fixtures value:
$250,000 (USD) - included in the asking price
Inventory / Stock value:
$2,000 (USD)

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