Production Equipment Rentals - Highly Profitable

Los Angeles, CA (Los Angeles County)

Production Equipment Rentals - Highly Profitable

Asking Price:$1,800,000

Cash Flow:$514,287

Gross Revenue:$1,101,230

EBITDA:$514,287

FF&E:$1,000,000

Inventory:N/A

Established:1994

Production Equipment Rentals - Highly Profitable

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Business Description

This entertainment industry equipment rental company is a one stop shop that can satisfy all of the equipment and expendable needs of film, television and commercial production company clients. This well established business is an industry leader with a stellar reputation. On top of its asset intensive inventory base of rental equipment, the firm boasts clean books and records and has the property included in the sale – making it an ideal loan candidate, while still under the SBA threshold!

Detailed Information

Inventory:
Included in asking price
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business operated out of a 3,290 square foot structure that resided on a 6,700 square foot (0.157 Acre) corner lot with multiple entrances for loading, a commercial loading zone, and a large parking lot. The structure included an office, break area and rest room with a shower, and plenty of efficiently utilized warehouse space. The sale also includes over a $1 million in hard assets and inventory, including 3 heavy duty delivery trucks, forklifts, and over 70 reusable dumpsters. All of the business and property’s furniture, fixtures and equipment will be included in the sale.
Competition:
As the studio rental business in Los Angeles is a highly sought after one, there are a few industry giants in the segment. Smaller competitors, however, provide a more personalized service at competitive prices and are typically the suppliers of choice for both industry veterans and newcomers who appreciate their customer service, flexibility, ingenuity and personal touch.
Growth & Expansion:
This firm has tremendous growth potential as the owner has had an eye on retirement for some time. While remaining at the top of their game for those products and services they provide, they have not invested in even more lucrative rental segments that could require large capital expenditures. Specifically, the business has unmet client demand for highly sought after large air conditioning units. It is estimated that each new $12,000 air conditioning unit could drive $100,000 in annual profit!
Support & Training:
Seller will train for 4 weeks at 30 hours per week, or a necessary
Reason for Selling:
Retirement

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Ryan Clark

Business Listed By:
Ryan Clark

The Veld Group

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Sponsoring Broker:
Michael Wildeveld

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