Established Branded Party Rentals Business (Absentee owner)

Hampshire County, MA

Party Tent
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Asking Price: Get Financing: $775,000

Cash Flow: $252,000

Gross Revenue: $780,000

EBITDA: $252,000

FF&E: $500,000

Inventory: N/A

Lease Rate: $0.54 /SF/Month

Established: 2008

Established Branded Party Rentals Business (Absentee owner)

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Business Description

Long Established, Profitable & Stable Customer Base

This established turn key Western Massachusetts company runs itself. The owner, who is nearing retirement, currently lives out of states and has his managers run the business. This company also proudly serves Northern CT. This party and event company is a CASH based business with no outstanding debt! It has an enormous potential for growth. The business has hundreds of thousands of dollars in new-like party and event equipment waiting for its new owner to continue its expansion. The owner kept a rotation on buying new equipment which has resulted in most of the equipment being purchased in the last 12-24 months and is expected to last another 8-10 years before needing to be repurchased. The new equipment is a huge factor in this industry as most individuals looking to sell their business have ran their equipment to the ground. You will certainly not be disappointed.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
6,500
Lease Expiration:
12/31/2028
Employees:
16
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
8 Trucks, 8 utility trailers, New Like Party Rental Equipment
Competition:
We are the number 1 party rental business within 50 miles.
Growth & Expansion:
Huge room for growth & expansion!
Support & Training:
2 Months
Reason for Selling:
Moving out of area
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Business Listed By:
Bryan Gagnon

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