Retail Franchise Party Supplies & Rentals Business For Sale

Business description

Well known Retail business that sells all types of party materials, rents tables, chairs, fountains and other party equipment which are in high demand. The present owner is semi-absentee and only works 6 to 10 hours a week. The franchise is well known nationally and only requires a 5% franchise fee. All purchases are made through the franchisor who buys in bulk at a lower cost resulting in a higher profit. This is the only party franchise business in the immediate area. This particular store serves as the exclusive balloon decorator for many of the nearby Hotel businesses. The business has a solid annual income and nets to the owner $100,000 yearly.

Property information

Real Estate:

Lease

Lease terms:

An existing lease is available for the new owner with an additional five year option for continuation.

Location:

Facility consists of 3,000 square feet with an indoor capacity for 180 people. Private mall parking is available.

Other information

Competition / Market:

With onsite management the business can substantially develop. This party rental store is the only one in the immediate area.

Support & training:

Seller will provide a full due diligence and transitional period.

Reasons for selling:

Absentee Ownership

Trading hours:

Mon-Fri 10:00am-8:00pm, Sat 10:00am-6:00pm & Sun 10:00am-3:00pm

Financing available:

Owner financing is available to a qualified purchaser.

Furniture / Fixtures value:

$20,000 (included in the asking price)

Inventory / Stock value:

$125,000