Events Equipment Rental Company with repeat customers – SBA Approved
Price: $2,000,000
Annual Revenue: $2,689,776
Net Cash Flow: $561,687
Industry: Services
Location: New York
This business has been providing superior service for decades and keeps its customers for many years. The company offers a wide range of products and services and over 90% of its business is from repeat customers, homeowners, venues and restaurants, schools, places of worship, caterers, charities, etc.
During Covid, two of their four main competitors closed their businesses. When the pandemic eased, those that survived have been able to raise their prices.
The company occupies a leased 12,500-square-foot warehouse in New York that has a spacious parking lot in which its 6 trucks are parked. The 10-year lease comes at a favorable rate.
The company employs between 8 and 25 people depending on the time of the year and is run by 2 owners, one of whom is ready to retire. The other owner is willing to stay on for the next 5 years. Even though it is a seasonal business, the company operates with high-profit margins because it rents out its equipment repeatedly.
Some of its most significant revenue-generating products are:
- Tents
- Chairs
- Tablecloths
- Dishes, glasses, and other tableware
- Tablecloths
- Stages
- Dance floors