Profitable Relocatable Party Rental in Central MN

Not Disclosed, MN

Asking Price: Annual Revenue:
$305,000 $163,770

Retail: Non-classifiable

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RE: Profitable Relocatable Party Rental in Central MN Broker: Scott Hislop
Owner Financing is Available!

Quick Facts

Asking Price: $305,000
Annual Revenue: $163,770
Net Profit: Not Disclosed
Cash Flow: $75,026
Total Debt: Not Disclosed
FF&E: $314,725
Real Estate: Not Disclosed
Year Established: 2009
Employees: 8
BBN Listing #: 238950297
Broker Reference #: 17441-244650

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Business Overview:

This party rental business has a great mix of recurring revenue with regular annual event customers and one time special occasions. Three family members work part time to manage this business, but can easily be replaced with one owner-operator or manager. It is the only full service party rental business in the trade area.

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Property Features and Assets:

Started in 2009 as an allied business to the family’s core business, it is now established as the go-to party rental service in the region. Now, the growth of the family’s core business requires the full management attention of the entire family, so they have decided to turn the reins over to the successful buyer to focus on the continued growth of the rental business. This sale is structured as relocation within the trade area.

Market Competition and Expansion:

Complete party rental service from initial planning, through complete set up, and removal, sets this company apart from their competitors. An initial site visit is conducted for each event to ensure the right equipment is rented and the staff has all the supplies necessary for a successful and efficient set up. The complete set-up and take-down service offers stress free event planning, lower event liability, and hassle free equipment return for the customers and more efficient operating hours for the company. Potential Growth: Rental events are turned down each year for the current staffing capacity and ease. Additional staffing or more aggressive staff hours could achieve higher sales if desired. Their current revenues are largely driven by repeat annual events and word of mouth for single special occasions. Increasing their current minimal advertising expense and advertising management attention could improve their SEO, and print advertising effectiveness. They sponsor several local events which has achieved their current level of revenues. Additional budget and management would be expected to increase revenues rapidly.

Reason for Selling:

Core Business Focus.

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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