Party Tent and Equipment Rental Business For Sale

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Description

Summary Description
This 25 year old party and event tent and equipment rental business serves Chatham-Kent, Sarnia-Lambton and Essex county.  This company began as a small tent rental shop and grew organically by satisfying local demand and acquiring additional tent businesses in the area.  It’s grown to be a well-respected tent and equipment rental, specializing in outdoor weddings, parties, and events.  Many events are repeat business each year.  This company has over 33 tents (both large and small), tables (round, rectangular, and cocktail), chairs (2 colours), dance floors (in a variety of sizes) and lighting in inventory.  It can service backyard parties and reunions, outdoor weddings of all sizes, concerts and general events.  Inventory is well maintained, cleaned regularly and racked when stored.  The owner is willing to stay involved in the business through a transition to train the new buyer.

General Information
Year Established: 1997
Employees: 8-10
Facilities: The Company is home-based and relocatable, and currently stores equipment in 2,400 sq.ft. of storage space. There is limited storage and office facilities required for operations making overhead cost very low and very flexible.  Long term a new buyer will need to find new storage space that is ideal in size and location for them.

Market Outlook
Competition: Presently there is only minor competitors in the surrounding area.  This business is considered one of the larger party rental companies within a 30 minute drive of their location.  Solid revenues, customer base and local following, this business is as a leader in its market by having what their customers need, when they need it.

Growth and Expansion: The event rental business has been an ever-growing industry.  The business has no formal marketing plan in place and relies on referrals and repeat customers. There is potential to leverage its competitive position through aggressive marketing and sales efforts.  In addition, grow revenues by adding more fresh inventory.

Property Id : 19917
Business Asking Price: $350,000
Including: Furniture, Fixtures & Equipment: $200,000 Inventory: N/A
Gross: $170,000
Seller’s Cash Flow: $125,000
Listing ID: LBBO42
Support/Training: Transitional training available
Financing: Will Finance Qualified Buyers
Reason for Selling: Owner pursue other interests

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