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Quality Event Planning Equipment Rental Sales Service Comp For Sale

US
Asking Price:
On request
Sales Revenue:
$7,109,000 (USD)
Cash Flow:
$3,162,000 (USD)

The business provides high quality rental equipment, sales, and event design and planning services for events of all sizes and types, such as weddings, conferences, festivals, and galas. Events range from, but are not limited to, city festival events, temporary tenting & power when natural disasters occur to general contractors who need to rent a generator for a day or week. The business also provides a diverse product mix of high-quality party rentals, tenting rentals, and construction equipment rentals.

Key Aspects

-Market leaders in party, tenting, and construction rental equipment across South Texas
-Experienced management of complex event logistics, coordination, and cost efficiencies
-Executes large complex events turn-key with minimal outside subcontracting
-Special expertise in fair/festival events which provide annual recurring revenue
-Main geographic market expected to have significant, sustained growth; currently serving several Texas metro areas
-Strategic inventory management including utilizing Like Kind Exchanges (LKE)
-HUB certified & GSA Contract Multiple Award Schedule- Category 532490P
-Operating in a tropical climate that favors year-round events
-In 2021/2022, approximately 90% of structured tents were replaced or added with a full range of sizes from 20x to 100x

Opportunities

-Further penetrate its current geographic market
-Expansion into key metro areas within Texas
-Further perfect internal efficiencies for increased margins
-Streamline corporate functions such as HR, IT, and Accounting
-Employ extensive social media presence, specifically Instagram
-Continued investment in equipment inventory to ensure customer markets receive the best that is available
-Phenomenal benefits for prospective buyers relocating from California or the Northeast due to lower cost of living and government-friendly atmosphere for small businesses

Headquartered

 South Texas Inter-Coastal

Current Markets

The business currently serves a variety of individuals and businesses providing event equipment including tables and chairs, beverage dispensers, lighting, audio, dance floors, lounge furniture, conference tents and booths, and thousands of other various equipment as needed, as well as providing event design and crowd planning services.

Real Estate

The business operates from one centrally located warehouse as well as five outlet storefronts. All real estate, aside from one outlet store, is owned by related parties and are available as part of a transaction. One store outlet is leased from an unrelated third party.

Shareholder Objectives

The two owners are seeking an eventual full exit from the business, so they can transition into retirement and pursue other unrelated business opportunities. Current ownership is seeking an acquirer to continue growing the business. The owners are open to various deal structures to achieve these goals as well as a negotiable transition period to new ownership.

*The business serves a wide rental market which includes construction & landscaping equipment rentals* 

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