Growing, Event Rental Business

Not Disclosed, MN
Hennepin County

Metro


Asking Price: Annual Revenue:
$1,200,000 $686,818

Services: Rentals - Party, Equipment


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RE: Growing, Event Rental Business Broker: Pat Steffl

Quick Facts

Asking Price: $1,200,000
Annual Revenue: $686,818
Net Profit: Not Disclosed
Cash Flow: $216,075
Total Debt: Not Disclosed
FF&E: $1,078,427
Real Estate: Not Disclosed
Year Established: 2015
Employees: 7
BBN Listing #: 20994955
Broker Reference #: 5101-17431

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Business Overview:

The business provides rentals and set up in the metro area for weddings, graduations, corporate events and any other gathering. Tents, chairs, linens, tables, etc. are a big portion of the the requested rental items. Through October, 2022 revenue is on pace to surpass 2021 by almost 30%.

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Property Features and Assets:

The business operates from a leased commercial building with about 18,000 square feet. The majority of this space is for warehousing the inventory that is rented to customers, but does include office and display areas. Assets = $1,092,482

Market Competition and Expansion:

There is normal level of competition in the area for the company's products and services. The business is working on a number of new product and service offerings that could provide additional revenue. Additional advertising and expanding the range that the the company travels for its clients could be beneficial as well.

Reason for Selling:

Retirement.

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 not a franchise resale opportunity.

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