Business For Sale

Services: Rentals - Party, Equipment


Cash Flow Strong Rental Company for Event Planners

Northeast United States, NA

Asking Price: Annual Revenue:
$1,505,000 $1,650,000

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RE: Cash Flow Strong Rental Company for Event Planners Broker: Karin Neumann A Neumann & Associates, LLC
Owner Financing is Available!
$376,000 Seller financing plus $568,000 bank financing subject to buyer qualification.

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Quick Facts

Asking Price: $1,505,000
Annual Revenue: $1,650,000
Net Profit: Not Disclosed
Cash Flow: $440,000
Total Debt: Not Disclosed
FF&E: $2,433,000
Real Estate: Not Disclosed
Year Established: 25+
Employees: 32
Listing Number: 50696267

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Business Overview:

This well-known rental company offers service to corporate and private event planers, by way of a line of rental quality tablecloths, napkins, chairs and so forth. Located in the Northeast United States, the firm enjoys significant operating margins with a documented long-term profitability.

The company has been fully reviewed and conservatively appraised by an accredited national valuation firm at 3.4x SDCF (ttm). A full valuation report by a national valuation firm is included in the prospectus. There is $185k in AP and debt to be assumed and the deal includes $3,000 in current A/R and $1.4 million in inventory. The business is pre-qualified by an SBA lender subject to buyer’s financials, and by implementing the proposed deal structure an owner- operator will obtain more than $230,000 benefit in after-acquisition-debt cash flow.

A comfortable six months transition period will be provided by the owner who truly wants to see the business continue to flourish. Seller will consider a consulting agreement thereafter if the buyer desires so. A very well trained and highly qualified team will stay in place and support the new owner in all aspects of the business.

Commercial Real Estate is also available for purchase or long-term lease. Valued at $900,000 (not included).

(ALL DATA BASED ON SIGNED TAX RETURNS)

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Property Features and Assets:

This business currently operates from a 32,000 square feet warehouse with ample office space in the Northeast United States.

Market Competition and Expansion:

The company enjoys a competitive advantage by way of product and service depth, offering their clients a wide variety of products – essentially functioning as a one-stop shop for event planers for themed weddings, parties or corporate events. A well-trained, long-term loyal design staff works with each client to individually tailor each event - with US manufactured inventory readily available on the floor to fill any order. Additional product lines are in the planning stage for top line growth, and by focusing on profitability the seller has successfully improved profitability at lower sales levels during the last few years.

Reason for Selling:

Retirement

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.

Resources:

Relevant Links:

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