Gross Revenue: N/A
Lease Rate/Sq. Ft.: N/A
Theme Prop & Event Rental Company with huge one-of-a-kind inventory
The industry leader for movie-quality theme props and event rentals
The company dominates the market in their sector supplying props, specialty décor, illuminated furniture, lounge furniture, fabrics, lighting, and design services for high-end corporate and social events, prime time TV shows, major motion pictures and photo shoots.
It’s a clean, well-run company with a pristine and highly organized inventory, a trained, seasoned staff, excellent systems, efficient and compliant HR, attractive user friendly website, and an extensive client list built over 25 years. It's perfect for businesses who are currently operating in the event rental, event planning, or event production field and want to expand their core business or for someone who wants to enter the industry in a premium position. It immediately puts them in the forefront with a large, diverse inventory of props and event equipment. The company has a huge customer list that spans corporate, political, entertainment and social clients. It includes major television and motion picture studios, prime-time TV shows, (their props can be regularly be seen on Dancing With The Stars, America's Got Talent, So You Think You Can Dance, The Talk, Big Brother and many more), Fortune 500 companies, event and meeting planners, destination management companies, prop companies, local businesses, marketing and PR companies, trade shows, public organizations (schools, churches, and government), sporting events and teams, celebrity clients, photography studios, charity organizations, hospitals and more. They have one of the largest catalogs in the country where clients can select props from almost any theme imaginable; giant mushrooms for Alice in Wonderland, an over-sized Buddha Statue, 8ft tall Hollywood block letters, 4ft square dice, vintage 50's juke boxes, a lighted Welcome to Las Vegas sign and a life sized baby elephant are just a few samples out of thousands. In addition there is an extensive quantity of Halloween and Christmas props which always sell out during these holidays. The company boasts an inventory of custom made illuminated furniture which is extremely popular for events and trade shows. They have enough lighted banquet tables to provide seating for up to 1800 guests as well as tall and low cocktail, coffee and end tables, buffets, and bars. Another high volume category is their wine barrel cocktail tables, bars and buffet tables, which is the current rage for events. They are one of the very few in the industry to carry these and they have large quantities. The company stocks a substantial amount of elegant lounge furniture which is used at almost every event and trade show. In addition they carry specialty bars (lighted, white tufted, bamboo, western, hedge covered, crystal beaded and more), crystal chandeliers and columns, chiavari chairs in assorted colors, staging, standard tables, lighting instruments, candelabras and hundreds of other decor rentals. Their website is extraordinarily user friendly, organized and beautifully designed making the inventory easily accessible to the public. It has exceptional SEO and is mobile friendly, essential in today's market. The company services clients in Southern California from San Diego to Santa Barbara and east to Palm Springs as well as Las Vegas and occasional events across the country. There is minimal competition in the field where most of the prop houses in LA require will-call orders, they'll only rent to the trade, and they have a limited selection of theme props. This company offers full service design, set up, delivery and strike services which opens up the market exponentially as most clients require this. With the economy growing, increased corporate spending, minimal competition and an unparalleled inventory, this company is in an excellent position to capture a larger share of the prop and event rental market.
Real Estate: Leased
Building SF: N/A
Lease Expiration: N/A
Facilities: They have warehouses in Los Angeles, Long Beach and Las Vegas. All are leased with LA expiring in early 2017, Las Vegas expiring 7/31/18 and Long Beach expiring 12/31/18. The buyer should be able to assume the latter two if they require this however they will most likely need to set up a facility if they don't currently have one.
Competition: The company has strong online positioning in the prop rental category and are consistently ranked in the top 3 spots for any term that includes props and prop rentals.
They are recognized in the industry as the leading supplier of themed props which leads to regular referrals from a multitude of sources including other prop houses in Los Angeles and Las Vegas.
There has been steady year to year growth and due to the lack of competition they have a bright outlook for continued expansion in all locations.
Growth & Expansion: The company has maintained positive growth over the years due to it's unique inventory and high level of service. Expansion can be achieved by additional marketing, opening up a wider service area, obtaining more high-value props and rentals, and expanding into the party rental business.
Support & Training: Detailed training documents are available and included in the sales price. These cover sales, purchasing, operations, safety training and more. The seller is committed to making it a smooth transition for the buyer. The amount and type of support and training will depend upon which employees they retain if any
Reason for Selling: Retirement
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