MergerPlace

Rental Business-Family Owned & Operated

New York


  • Asking Price: $499,000
  • Gross Income: $720,000
  • Cash Flow: $270,000
  • Real Estate: Not Disclosed
  • Inventory: $150,000
  • FF&E: $300,000
  • Listing ID: #208917
  • Established: Not Disclosed
  • Employees:

Business Description

Take advantage of a large, growing marketplace of schools and organizations requiring graduation and event chairs, party supplies, including tents, and china / dinnerware. This Chair Rental, Party Supply, and Tent Rental company is based in the Greater New York City area, and has been serving the school, business, and consumer community for nearly 40 years. The owners of the company seek to retire, and smoothly transition the business. It's a Golden opportunity for out-going caterers to add this business to their services..or for a related company to acquire this business and "fold - in" an added service of chair rentals and party supply rentals and develop further a company with a proven track record, with a solid reputation in the industry.

The company’s services and customers consist of the following: Chairs; Dinner Ware including China; Party Supplies; Tents; Schools and College events including graduations; Offices and Businesses events; Church / Religious events; and Municipal meetings, etc.

The company has a large market share with a long established reputation that results in many repeat customers year after year, event after event. Great turn-key operation with repeat customers from day one.


Business Details

Primary Business Category: Rental & Leasing Services
Location: New York

Company Information

Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees:

Financial Information

Asking Price: $499,000
Gross Revenue: $720,000
Cash Flow: $270,000
EBITDA: $270,000
FF&E: $300,000
Inventory: $150,000
Seller Financing Available: No

Property Information

Growth & expansion opportunities:

growing demand for party rental supplies from small gatherings to large, major events.

Competition:

Company has significant market share in Greater metro New York City area.

Reason for selling:

Retirement

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Business Listed By:

Ron Chromey

New York Business Brokerage