Party & Event Rental Company With Repeat Client Base
Listing Number: 6842-855688
Listing Details
Party & Event Rental Company With Repeat Client Base
Price: $389,000
Location: New York
- Down Payment: $339,000
- Sales: $220,000
- Seller's Discretionary Earnings: $63,000
- Inventory: $1,000
- Furniture, Fixtures, and Equipment: $300,000
- Rent: $1,800
- Employees:
- Year Established: 2014
- Reason for Selling: Family Obligations
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Business Description
This established party and event rental company serves a broad mix of private celebrations, family gatherings, corporate functions and other special events. A substantial base of repeat and referred customers provides an important foundation for ongoing business and reduces dependence on continually finding first-time clients.
The company offers an extensive selection of rental equipment, allowing customers to source many of their event needs from one provider. Inventory includes tents, tables, chairs, party equipment, bounce houses and family entertainment items. The equipment is well maintained and ready for continued rental use, giving a buyer a meaningful base of revenue-producing assets from day one.
The business model benefits from repeat use of rental inventory and relatively low reinvestment requirements compared with businesses that must continually replenish products sold to customers. Its broad inventory also allows the company to serve everything from backyard parties and children's events to larger celebrations and organized functions.
A new owner could build on the existing repeat and referral business while pursuing additional event planners, corporate accounts, venues and other referral relationships. The operation may suit a hands-on entrepreneur entering the event industry or an experienced operator looking to add another revenue stream to an existing service business.
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