Turnkey Party Rental Business

Midlothian, VA (Chesterfield County)

Seller Financing Available
Party Variety
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Asking Price: $575,000

Cash Flow: $181,000

Gross Revenue: $300,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $1,425 /Month

Established: 2005

Turnkey Party Rental Business

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Business Description

Turnkey Party Rental Business

This is a turnkey party rental business with many repeat loyal customers that has been serving the Richmond, VA and surrounding area for 14 years. We have averaged over 300K in sales the last 3 years. We provide bounce houses, carnival games, rides and concessions to all types of events. Many of our clients have been working with us for 14 years. We service many of the private schools, professional sports teams and colleges in the area. The business comes with a 2007 Chevy Cargo van with tow hitch, a 6x12 enclosed trailer and a 7x12 dual axle enclosed trailer. Other items included in the sale are the reservation software, walk behind 2000lb electric pallet lift, multiple oversized dollies. 85K already on the books for 2019.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
4,700
Lease Expiration:
N/A
Employees:
10
Facilities:
We are currently leasing about 4,700 square feet of storage space for our equipment and pay $1,425/mth. We run the business from our home office. (Home Based)
Competition:
There are a couple of other companies around our size that have been in business for a number of years. There are also companies that pop up and work part time but most of them only last 2-3 years. We have an established business that we have run full time for 14 years.
Growth & Expansion:
There is also an opportunity for you to expand the business through franchising. We started the process by having franchise documents drawn up and are willing to include that with the sale of the business. We do not currently have any other franchises.
Financing:
We would be open to discussing partial owner financing.
Support & Training:
After the sale we would be willing to spend 2 weeks training on current sales and operation procedures, introducing the new owner to our top clients and available to answer questions up to 30 days after the sale.
Reason for Selling:
Empty nester's so we are moving and making a career change.
Home-Based:
This business is Home-Based
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Business Listed By:
Not Disclosed

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