Fun - Full Service Indoor/Outdoor Movie Event Rent

Houston, TX
Harris County

Asking Price: Annual Revenue:
$575,000 $320,000

Services: Rentals - Party, Equipment

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RE: Fun - Full Service Indoor/Outdoor Movie Event Rent Broker: Tony Keane

Quick Facts

Asking Price: $575,000
Annual Revenue: $320,000
Net Profit: Not Disclosed
Cash Flow: $207,000
Total Debt: Not Disclosed
FF&E: $240,000
Real Estate: Not Disclosed
Year Established: 2007
Employees: 10
BBN Listing #: 842344107
Broker Reference #: 76931-697482

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Business Overview:

Fully remote, mostly absentee, and highly profitable outdoor movie A/V and Screen Rental business with physical locations in Houston and Austin. What does that mean? The business believes in the magic of movies. It wasn't too long ago that the height of entertainment for young and old alike was a trip to the drive-in or the downtown cineplex. In the world of smartphones and countless streaming services, there is still the simple joy of watching a great movie as a community.

Full service indoor and outdoor movie event provider for individuals and organizations large and small. Towns, Cities, Parks and Recs, Schools and Pools, Neighborhoods and Communities, Churches, Apartments, Backyard Birthdays, Graduations — no matter what the celebration, this business will help host an unforgettable movie experience for the community. Excellent reputation with 15+ years of history, strong economics, full team onboard, expansive customer base and great growth potential. Business is turnkey with very low fixed costs allowing for opportunistic investing and a high return profile.

Revenues in 2021 were $320,000 and are expected to grow to $335,000 in 2022. Sellers discretionary cash flow in 2021 was $207,000 and is expected to grow to $211,000 in 2022. The business has very low fixed costs as it is operated remotely with 3 low-cost storage units on a month-to-month lease of $610 total. The business collects 100% of the event balance before the event date so cash flow is always positive and high. As this is an event-based service company, there’s no on-going support for customers after the event. Over 20% the revenue is repeat clients. The business comes with over $240,000 of tangible assets and a fully seasoned team to assist in all aspects of the business from sales to operations.

The seller is fully remote, so the new owner does not have to be a full-time resident of Texas to operate the business. New owner has opportunity to grow the business by adding new services, products, and expanding geographically.

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Property Features and Assets:

3 Storage Facilities The business was established in the early 2000’s by a husband and wife who ran the business for 15 years. The business has always been profitable since inception. The current owner purchased the business in 2020 and has grown the business. Over the years, the owner has focused on streamlining the sales process, booking process, operations process, and perfecting the customer service experience, which has allowed for high retention of customers and new bookings. The business has two divisions, one being a franchise and the other being an independent brand owned solely by the owner. Both brands perform well and have loyal customers. The national franchise is in all major cities and this business’ territory gives the new owner the ability to sell in all the Central and Southeast Texas cities including the large metropolitans of Austin, San Antonio, Houston, and Corpus Christi.

Market Competition and Expansion:

Other outdoor movie equipment rental services. This company is established and has a strong reputation for service. The business has significant growth potential as more and more organizations are looking to offer outdoor entertainment. The business has the capacity with existing equipment to continue to grow. Additional growth can be achieved if the new owner leverages social media, SEO, tradeshows, paid promotions, local advertisements etc. Services can be extended such as offering popcorn, snow cones, movie chairs and other accessories that can generate additional revenue. Other compatible and very profitable add-ons for the business would be bounce houses, portable gaming, LED Screens (allow for daytime events), and photo booths. Geographic expansion of the proprietary brand can also bring immediate growth. External factors contributing to the growth of the business include Texas being among the top 5 states for population growth with concentration in Austin, San Antonio, and Houston. The business has all the equipment, team, and processes in place for a new owner to focus on growth.

Reason for Selling:

Other interests.

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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