NOT DISCLOSED, Virginia
| Asking Price |
$875,000 |
Year Established |
|
|
| Annual Revenue |
$535,000 |
Reason for Selling |
Owner wishes to retire |
|
| Annual P/L |
$220,000 |
Attention |
Gavin Raphael |
|
| Annual Cash Flow |
$0 |
Listing Number |
1005382 |
|
| # of Employees |
5 |
Business Category |
Services: Rentals - Party, Equipment |
|
Business Overview:
This is a rare chance to acquire a well-known, full-service event rental company that has been a go-to provider in the Tidewater market for thirteen years. The business has grown from a small local operation into a trusted partner for weddings, non-profits, churches, small festivals, with many clients booking year after year. The company offers a deep inventory of tents, tables, seating, dance floors, lighting, and other event essentials.
Financially, the company benefits from a strong gross margin profile, a high level of repeat business, and a steady stream of booked events. There is no heavy dependence on a single customer or one-time project.
Growth opportunities are clear and actionable. The business has grown largely on the strength of its reputation, relationships, and word-of-mouth in the area. There is meaningful upside in adding a focused sales effort, modern digital marketing, tighter outreach to planners and venues, and selective expansion into nearby markets and higher-value event segments. An acquirer with sales discipline or a complementary event business can unlock more value from this business.
The owners are selling as part of a planned retirement and are committed to a smooth handover. They are open to a structured transition that helps the buyer retain key staff, protect customer relationships, and fully understand the company’s playbook.
Property Features and Assets:
<p>The operating real estate is included in the transaction and is valued at $300,000. The property consists of a 3,000 square foot warehouse with a small office.<br></p>
Market Competition and Expansion:
<p>The $8.5 billion event rental industry provides temporary, cost-effective equipment like tents, tables, chairs, linens, and decor for events. Driven by weddings, corporate events, and celebrations, the market is expanding, with a CAGR of 11.2% expected through 2030.<br></p>
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity