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Business For Sale
SPECIAL EVENT EQUIPMENT RENTAL IN LAS VEGAS
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Asking Price: |
$2,800,000
USD USA Dollars
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Business for Sale Industry: |
Services: Non-classifiable
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Reason for Selling:
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Company is growing beyond owners
management skill. |
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Year Established:
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2004 |
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# of Employees:
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13 |
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Yearly Revenues:
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$1,100,000 in first 6 months of 2008 |
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Yearly Cash Flow:
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$800,000 plus |
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Yearly Gross Income:
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$1,525,000 in 2007 |
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Monthly Payroll:
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$50,000 includes owner salary |
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Total Debt:
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$800,000 paid off at closing |
Business for Sale Overview:
We provide specialty equipment for Special Events in Las Vegas, Los
Angeles, and Nationwide. Repeat clients include major casinos and
event planners in Las Vegas with no single client exceeding 8% of gross
revenues. Business has increased a minimum of 50% every year since
its beginning. Business operates with 13 full time
employees without owners participation required on a daily basis.
2005 gross was $500,000.00. 2006 gross was $975,000.00. 2007
gross was $1,500,000.00. The first SIX months of 2008 had
$1,100,000.00 in bookings. 2008 Forecast is $2,000,000.00 plus.
Property Features and Assets:
Business is based in 8,500 sq. ft. freeway frontage office warehouse near
Las Vegas strip. We also have a small warehouse in Orange County,
California. Both spaces are leased. Business has $750,000.00 in assets,
including many innovations that set this
company apart from competitors. Company to be delivered debt free at
closing.
Market Competition and Expansion:
Although we are known as the leader in our market with significant
market share, we gain additional market share regularly. We are also the
largest of our kind in the Las Vegas market. New marketing tools recently
implemented are bringing new repeat business. AT THIS TIME I AM NOT
LISTING EXCLUSIVELY WITH A BROKER, BUT I WILL PAY BROKER FEES TO
ANY BROKER WHO BRINGS A SALE.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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