Successful And Solid Equipment Rental Company For Sale

Business description

For 40 years, this a gem of a business has been a leading provider of party and event rental items and supplies. An excellent reputation for providing superior quality and service has allowed this niche business to enjoy many profitable years and develop a long list of loyal commercial and retail customers. Net income and gross margins have significantly increased in 2009 because of cost cutting measures that the owner has implemented. The one-stop-shopping motto applies to this healthy business because of the extensive inventory of rental items and retail party supplies that the finicky customer can choose from when planning their special event.

Customers include homeowners and businesses responsible for special events, including but not limited to the following: catering companies, event planners, banquet halls, schools, hospitals, and corporations.

The company’s reputation allows for a high degree of word-of-mouth advertising about its service and products. Currently, the owner is in the process of implementing a brand new website with e-commerce capabilities. This website is guaranteed to expand the company’s presence on the internet and allow customers to shop at home if they so choose. The website is sure to increase product distribution to customers outside the geographic region in which this company normally conducts most of its business. Customers come to them due to word of mouth advertising, but several other methods are used to promote its services, including fliers, coupons, and the Yellow Pages, to name a few.

Property information

Location:

Several locations.

Other information

Expansion potential:

The owner is in the process of implementing a brand new website with e-commerce capabilities that is sure to increase product distribution to customers outside the geographic region in which this company normally conducts most of its business. There are several avenues the current Owner has identified that a new Owner can utilize to increase sales.

Competition / Market:

Although there is competition in this industry, our client has endured for more than 30 years. They have developed an outstanding reputatiAlthough there is competition in this industry, our client has endured for more than 40 years. They have developed an outstanding reputation along the way while watching smaller competitors close their doors. With key staff maintaining tenure of more than 20 years, their experience has proven to be a valuable asset to the business.

Support & training:

Owners will provide support during a transition period. Will consider staying for an additional period, terms TBD.

Reasons for selling:

Owners wish to retire.

Financing available:

TBD

Furniture / Fixtures value:

$1,110,000 (included in the asking price)

Inventory / Stock value:

$81,602 (included in the asking price)