Tent & Party Rental Company
Location New Jersey,United States
Asking Price Range < $250K
Gross Revenues $176000
Net Profit / Cash Flow $40000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1987
Number of Employees 1 - 3
Inventory $150,000 equipment & $5,000 inventory.
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training The owner will remain post-closing for 30 days and supply a transitional period.
Reason for Sale The owner is retiring from this particular industry.
Description Wonderful opportunity and best offer for this family owned Tent & Party rental supply business dedicated to providing a full range of party rental tents and equipment to the general public. The owners are preparing to retire and will sell the business based on a modest price and the wholesale value of the inventory equipment and will finance the sale with a modest down payment.
The present owners have a very limited marketing budget and if improved would substantial improve the business cash flow. This particular business would require one employee with a monthly payroll $2,000. The business has an assignable commercial lease which expires 2015-01-01 plus available options, with a monthly rent of $1,600 and rent security $3,000. The facility which consists of 1,800 square feet is more than appropriate to maintain continued growth.
The sale includes a fully equipped tent rental company, three vehicles, New Web site, a large variety of commercial tents, POS system, computers, and software including all the necessary equipment to maintain the day to day business operation. The facility has appropriate private parking on site as part of the commercial lease. Based on the industry standards this company is active six days weekly, closed Sunday with hours from 8:30 am to 5:00 pm. The sale includes a certificate of occupancy from the particular municipality.
This is a wonderful business opportunity with substantial growth potential and priced for immediate sale. Based on the asking price, required down payment and yearly net income, this business expect to supply a substantial investment return to the owner operator.
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