Amusement Rentals-Profitable-Covers Eastern Mass

MA

Seller Financing Available
Inflatable amusements

Asking Price:$170,000

Cash Flow:$74,000

Gross Revenue:$305,000

EBITDA:N/A

FF&E:$150,000

Inventory:$2,000

Rate/Sq. Ft.:$6.50

Established:1997

Amusement Rentals-Profitable-Covers Eastern Mass

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Business Description

A long-established and profitable amusement rental business is for sale by a retiring owner. The business rents a wide variety of inflatables and other amusements such as dunk tanks and Slip-n-slides to municipal, social organization, and private customers. Many of these customer are repeat, some as frequent as weekly, and they depend on the company’s efficient booking, delivery, set up, take-down, and pick-up service.

The company has virtually no receivables. Payment is made at the time of rental. Equipment is set up and taken down by the company which assures careful treatment of the amusement item and increases customer satisfaction.

The company also offers a limited inventory of party equipment, Also included is a gardening equipment rental business for homeowners, Since it is not a franchise, there are no corporate limitations on what to offer or at what price, nor are there royalties to pay!

Sales are made primarily over the telephone or internet booking although there is some walk-in business.

June is the busiest time for the company. The staff of 10 drops to one or two during the winter.

The current owner has continually invested in new equipment and an expansion of the range of offerings. The equipment, at cost, is worth $490,000 and is worth $150,000 or more currently. Three trucks and multiple trailers are included in the sale.

We have prepared a full summary and revenue expense breakdown. To receive more information about this great business fill out the "Contact the Seller" area on this page and provide the requested information. You will be asked to sign a non-disclosure agreement.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building Sq. Ft.:
4,400
Lease Expiration:
8/31/2018
Employees:
10 seasonal
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Company operates out of a retail storefront on a major numbered roadway. Bright, attractive signage attracts customers and keeps company front-of-mind for passersby. Smaller equipment is attractively displayed and larger equipment is in warehouse area adjacent to storefront. Entire facility is approximately 2,000 square feet and has ample free parking.
Competition:
This company offers a wide array of rental amusements not available elsewhere and at an affordable price point. As most customers only rent occasionally, there is little price awareness or comparison shopping. In addition, customers are willing to spend more freely for special events for family, social organizations, or sports teams. The business services the entire Boston region, including the more affluent Metrowest and northern suburbs. It appears prominently, generally on page one, of search engine results.
Growth & Expansion:
The business does very little advertising, depending on its internet presence and longstanding reputation in the market. Expansion could include more advertising, or a wider variety of party equipment (silverware, dishes, glassware, pots, etc), and larger tents. Current business is primarily focused on outdoor events from May through Halloween.
Financing:
15%
Support & Training:
Seller will provide ample training and transition time to explain procedures and maintenance of equipment
Reason for Selling:
Retirement
Business Website:
http://www.goodmanonline.com

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Peter Quandt

Business Listed By:
Peter Quandt

Goodman And Company Business Brokers

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Sponsoring Broker:
Peter Goodman, CBI

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