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Business For Sale
JUMPING CASTLE RENTAL- NETS $147K
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Asking Price: |
$315,000
USD USA Dollars
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Business for Sale Industry: |
Recreation: Entertainment
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Reason for Selling:
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Other Business Interests |
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Year Established:
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2002 |
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# of Employees:
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7 |
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Yearly Cash Flow:
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$147,000 |
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Yearly Gross Income:
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$309,000 |
Business for Sale Overview:
This well established recession proof business consists of two businesses for the price of one. First is a busy party supply store that sells candy, piñatas and party favors. They have an exclusive setup with a piñata vendor and the quality is better than any of their competitors. Second is a Jumping Castle (inflatable) party rental business that brings the fun and games to any party. This part is very easy to own and operate and generates 80% of the revenue. The business has a large, loyal customer base that uses their services on a recurring basis. They currently have an inventory of over 30 different inflatable castles to choose from and they also rent an assortment of other equipment. The owner does not operate the Business. It is currently being operated by the son-in-law of the owner on a semi-absentee (15 hours per week) basis. Conveniently located, this business could be purchased with terms and as seen in the "Growth & Expansion" section of this summary. The business could grow with minimal effort.
Property Features and Assets:
This 4,600 square feet facility is situated in a strip center close to a major intersection. The rent is very inexpensive and a lease with renewal options is in place.
Market Competition and Expansion:
Although there are a few competitors in the marketplace, the advantages of this company over the competition is due to the quality of equipment, continuous maintenance of the equipment, the trained staff, and the superior customer service they provide. The target market includes individual families with children, civic organizations, corporations and businesses, schools, churches, clubs, city management and the military. With our population growth and the closing of several competitors, this business can expect to grow over the next several years.
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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