Listing Number: 76931-697482
Fully remote, mostly absentee, and highly profitable outdoor movie A/V and Screen Rental business with physical locations in Houston and Austin. What does that mean? The business believes in the magic of movies. It wasn't too long ago that the height of entertainment for young and old alike was a trip to the drive-in or the downtown cineplex. In the world of smartphones and countless streaming services, there is still the simple joy of watching a great movie as a community.
Full service indoor and outdoor movie event provider for individuals and organizations large and small. Towns, Cities, Parks and Recs, Schools and Pools, Neighborhoods and Communities, Churches, Apartments, Backyard Birthdays, Graduations — no matter what the celebration, this business will help host an unforgettable movie experience for the community. Excellent reputation with 15+ years of history, strong economics, full team onboard, expansive customer base and great growth potential. Business is turnkey with very low fixed costs allowing for opportunistic investing and a high return profile.
Revenues in 2021 were $320k and are expected to grow to $335k in 2022. Sellers discretionary cash flow in 2021 was $207k and is expected to grow to $211k in 2022. The business has very low fixed costs as it is operated remotely with 3 low-cost storage units on a month-to-month lease of $610 total. The business collects 100% of the event balance before the event date so cash flow is always positive and high. As this is an event-based service company, there’s no on-going support for customers after the event. Over 20% the revenue is repeat clients. The business comes with over $240,000 of tangible assets and a fully seasoned team to assist in all aspects of the business from sales to operations.
The seller is fully remote, so the new owner does not have to be a full-time resident of Texas to operate the business. New owner has opportunity to grow the business by adding new services, products, and expanding geographically.
- Price: $ 575,000
- Down Payment: $395,000
- Sellers Discretionary Earnings: $ 207,000
- Total Sales: $ 320,000
- Location: Harris County, Texas
- Inventory: $ 0
- FF&E: $ 240,000
- Employees: 10
- Year Established: 2007
- Reason for Selling: Pursuing other passions
- Category: Rental Business