Seller's Contact Information
- RE: Full Service Event Rental & Design
- Contact: René Brandon
Quick Facts
| Asking Price: | $450,000 | |
| Annual Revenue: | $339,771 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $150,230 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2002 | |
| Employees: | 5 | |
| BBN Listing #: | 384030362 | |
| Broker Reference #: | 890700216 |
Business Overview:
This is a well-established and very highly regarded event rentals and service business that is well known for its excellence and high standards. It provides rental and event services for all sizes of functions and events from small social gatherings to large corporate and organization events that includes some high-profile clients. The business has an extensive inventory of 20,000 items of various event and rental equipment, furniture, lighting, props and other related items worth an estimated $400,000. The anticipated new cost of replacing the inventory is $750,000. A specialty offered is wedding events as well as activities such as Bar Mitzvahs and school functions. This is an operating turn-key business and a one-of-a-kind opportunity for a person who is skilled in business development, client relations and effective marketing to grow it to a higher level!
Management Systems - Utilizes QuickBooks, and industry specific software for its rental operations.
Employees/Staffing: Day-to-day operations are performed by a husband and wife team that are very experienced in the industry. The husband manages the logistics and other operations and the wife manages client relations and contacts with clients, planners and vendors. Additional staff is temporarily added to handle events and the number depends entirely on the event’s requirements.
Assistance to the Buyer: The Seller is committed to a successful transfer and will provide a minimum of 30 (thirty) days training and turnover assistance at no cost to the Buyer to ensure a smooth transition
Seller financing available.
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Property Features and Assets:
Assets:The business has physical assets currently valued at approximately $410,000 that will be included in the purchase. It consists of its Furniture, Fixtures and Equipment of $400,000 which includes 20,000 rental items, and Inventory of $10,000. The cost to purchase the same F/F/E new is estimated to be $750,000. The items are listed in a detailed computer file. Intangible assets include its longevity of 20 years, its name recognition, its stellar reputation for high quality event services and its many existing professional contacts made over the years. Facility: Business operates a leased 10,000 sq. ft. space in a very nice complex providing the necessary space for the many event items; new lease available.
Market Competition and Expansion:
Competitive Advantage/Competition: There are other similar businesses in Pinellas County and the Tampa Bay area. Their competitive advantage includes longevity of 20 years, its range of services and rental items, its contacts with various organizations & key people and its excellent reputation for high standards, outstanding reliability and service. To date, it has successfully completed over 5,000 events and has received positive feedback 99% of the time.
Reason for Selling:
Discuss with Seller.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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