Party Event Rentals

Not Disclosed, PA

Asking Price: Annual Revenue:
$158,500 $82,304

Services: Rentals - Party, Equipment

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RE: Party Event Rentals Broker: Jack R. Greenawalt Jr.

Quick Facts

Asking Price: $158,500
Annual Revenue: $82,304
Net Profit: Not Disclosed
Cash Flow: $62,116
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2014
Employees: 1
BBN Listing #: 13864955
Broker Reference #: 2602-14466

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Business Overview:

This award-winning event rental business was founded in May of 2014 and has been growing each and every year. The founders are a husband and wife team that decided to work the business as owner operators and did not take on any employees to date. Much of their inventory is around two years old because they have purchased additional inventory as the business has continued to grow. The business is definitely positioned to be taken to the next level with focused ownership.

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Property Features and Assets:

Depending upon the location style of the owner's property, the business certainly could be run from home or from a commercial location as well. The current owners use a combination of working from home at times as well as meeting clients at their showroom location by appointment. Their commercial showroom is located on an extremely high traffic count highway (Route 15) and they lease approximately 700 total square feet. 300 square feet is used for the showroom and 400 separated square feet is used for storage of the inventory. At the current location, there is room for expansion if extra space is needed as the business continues to grow. The current owners are on a month to month lease. Total Assets; $60,000.

Market Competition and Expansion:

There is limited competition in this business within the 45 minute radius of the businesses location which is the approximate service area. Of the four main competitors, only one is somewhat focused on event rental equipment. The other three competitors have alternative sources of revenue they focus on such as catering, commercial/industrial equipment rental, garden equipment rental, restaurant ownership, etc. This business is strictly focused currently and specializes servicing the party, event and wedding markets. The company caters primarily to brides, wedding coordinators and clients arranging baby showers and all types of parties. Although they have done limited corporate function business, this is a market that is certainly available to pursue to increase the revenue stream. One very significant repeat customer in the corporate market is Hershey Entertainment and Resorts. This is a great company to use as a base to build upon if corporate business is part of the new owner’s business plan.

Reason for Selling:

Other business 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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