Business Overview:
This business for sale is a successful and long-running full-service party equipment rental business. With a history exceeding 18 years, this Company is exceptionally well-known and well-respected for providing its clients with top-of-the-line equipment and unrivaled service and support. The Company also assists its customers with event planning, and related support. This Company is projected to post $3.42 million in revenue for calendar year 2012, with growth forecast to exceed 10 percent compounded annually over the next five years. It maintains a well-planned and organized website which provides a wealth of information on the Company’s rich history, its outstanding assortment of equipment rental lines, and the depth of its expertise.
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Property Features and Assets:
The Company operates from a brand new 17,680 sq. ft. facility. This property is leased through early 2019 from an unrelated third party.
Market Competition and Expansion:
The Company is well positioned to capitalize on the positive growth forecasts for its industry. The Company’s strong customer relationships and its reputation for offering only the highest quality rental equipment and related services provide a firm foundation for future growth opportunities. Future growth for the Company will most likely be driven by diversifying equipment and service offerings and expanding the Company’s operating base. The Company has a successful core business model in place, with all the equipment necessary for a well organized expansion. Management envisions the following opportunities for growth:
• Line Expansion – Company management continues to investigate new equipment and services offerings for its customers to increase sales volume.
• Increased Marketing Efforts – The Company’s sales and marketing efforts historically have been modest by almost every standard. This area provides an outstanding opportunity for new ownership to accelerate growth over a very short period. Management is looking to enhance and continue to build brand awareness through an expanded Web presence and stepped up involvement with key industry trade groups.
• Geographic Expansion - Significant opportunities for increased sales initiatives outside of the Company’s current market area are available.
• Strategic Alliances - Build and enhance strategic alliances to minimize costs, maximize synergies, and leverage growth.
Reason for Selling:
Diversify personal financial interest
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is a franchise resale opportunity.
Resources: