Business Overview:
The business is a unique party rental goods store providing Balloons, Party Rentals, Seasonal Decorations, and other Party Goods to retail and commercial clients. They have a very large social media following, which has increased their brand while achieving robust growth mainly from word of mouth and Instagram/Social Media followers. Due to this growth in customer base, sales have increased 110% year over year along with an increase in profitability.
The company has a ready-made staff to support the new owner coupled with a loyal client list to continue to provide recurring revenues. The store location is in an affluent area while providing great visibility to further increase their growing customer base. This is a great opportunity for a new buyer to scale this business while further improving profitability. The price includes the current inventory, furniture, fixtures, and equipment along with a delivery van having fairly low mileage.
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Property Features and Assets:
Monthly Rent: $1,239.33
Square Units (Foot, Meter): 696
Lease Expiration Date: August 30, 2027, 10:00:00 PM
Terms Options: 5 year lease with 5 year options
FF&E Overview: Assets include a 2017 Ford Transit Delivery Van that is in very condition and was purchased in 2022.
Market Competition and Expansion:
Adding more rental inventory; bounce houses, cotton candy carts, marquee letters, and back drops. Continuing to grow the corporate business side through more event planning. In addition to these items, increasing more retail and online sales through newly added party goods.
Reason for Selling:
Looking to stay at home with kids.
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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