Special Events Rental Company, with Inventory I...

Bakersfield, CA
Kern County


Asking Price: Annual Revenue:
$699,000 $756,219

Services: Non-classifiable


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RE: Special Events Rental Company, with Inventory I... Broker: Carol Bennett
License #: 01186310
Owner Financing is Available!

Quick Facts

Asking Price: $699,000
Annual Revenue: $756,219
Net Profit: Not Disclosed
Cash Flow: $259,712
Total Debt: Not Disclosed
FF&E: ON REQUEST
Real Estate: Not Disclosed
Year Established: 1983
Employees: 15
BBN Listing #: 830455703
Broker Reference #: BAKERCA001-N960

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Business Overview:

Well known special event trade company.  They have tents for large and small events; have the largest staging floors in the area with canopies, tables, chairs, linens, China, and wedding reception items, etc.  New equipment: tent washer and laundry machines.  They are also recognized by a national trade magazine and have been featured at various conventions for special events for parties, wedding, fairs, and raceways, etc.  They can provide services anywhere from a few guests to a few thousand guests.  This service and rental provider is well-known for their superior customer service; so they have repeat customers, and they thrive through Social Media, Local radio and TV, Customer Referrals, community involvement, and website. The business is at a large facility and it can hold up to 9,000 sq ft of inventory, and there is an additional 9,000 sq. ft. warehouse that is being used including office space and showroom.  There is also room for storage and parking on a 3/4 acre lot. The owner is very active in management, but ready to retire and train a new owner(s).  Trends over the last five years have been stable with a 3-5% growth, with the exception of COVID, 2020.  Owners suggestion for growing the business would be to hire a marketing salesperson. Inventory Value is over $700,000 alone.

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Property Features and Assets:

Real Estate License ID: 01186310

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.

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