Active
Thriving Party Rental Business with Over $300k in Assets!
Our firm is pleased to present fast-growing party rental company operating in western suburbs of Metro Detroit area with leading online presence, strong repeat customer base and huge unexploited growth opportunities. The company has built a stellar reputation and brand name for providing high-quality equipment and exceptional customer service. Focusing on backyard entertainment, large customer base includes individuals, businesses and schools with significant number of repeat clients.
In addition to the owner overseeing the operations, dedicated and experienced team consists of 2 full time managers year around and 15 part time seasonal employees. Well-maintained asset base consists of large variety of updated, carefully selected rental equipment, multiple delivery trucks and enclosed trailers as well as specialized forklift and moving equipment. Top of the line user-friendly website allowing for unassisted on-line bookings coupled with fully developed processes and systems in place makes it an excellent investment either for new energetic owner/operator or an existing business in party rental or tent rental space looking to gain significant market share.
The party rental industry is a growing market, and with the right strategy and management, this business has the potential for significant growth and profitability.
Listed By: Omar Kettani
Background information
Year established:
2018
Reason selling:
Owner is selling due to personal reasons.
Finance
Sales:
$462,930
EBITDA:
$162,425
Operations
Employees:
17
Equipment:
Included in asking price $318,436
Inventory:
Included in asking price
Premises
Facility:
The business currently operates from a leased facility in Metro Detroit western suburbs conveniently located close to freeway. Building is 2,400 sqft combined office / warehouse plus over 2,000 sqft outdoor drying/cleaning yard. The lease is currently on the month-to-month basis allowing for flexibility to either remain at the same location with new signed lease or moving to a different location. Great landlord to work with.
Rent and lease terms:
N/A
Opportunities
Growth:
With stellar reputation in the community and fresh energy of a buyer this business is poised for continued growth and expansion. The owner is happy to share several low-hanging growth opportunities yielding immediate revenue increase. Proven customer satisfaction as well as fully developed systems and processes makes this business an excellent franchising development opportunity!
Price and terms
Price:
$495,000
Financing:
Negotiable. SBA Loan is available for a qualified buyer.
Training:
The owner will provide all necessary training to ensure smooth transition.