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Ohio Valley Business Advisors

Construction And Party Rental Center In Northeast Ohio For Sale

Northeast Ohio, Ohio, US
Asking Price:
$1,500,000
Sales Revenue:
$1,300,000
Cash Flow:
$395,000

Fifty plus years in business! How long would it take an entrepreneur to build a company like that? Instead of taking all those chances, BUY your way into that legacy and goodwill with this iconic rental company. Their product diversity of both party supplies and equipment has created a recession resistant business. This company rents out equipment for weddings and special events with set up and delivery options while also filling the needs of homeowners and construction crews alike, from small tools and lawn and garden equipment to lifts, bobcats and excavators, this business rents it all. The assets alone appraised out at more than $1.2m on this business.

Property Information

Location:

Your necessary rental inventory and retail stock, as well as the furniture, fixtures and business equipment needed to run the business, are included with this purchase. Equipment dealerships with national name brands included. With the right offer, you could own the property as well, but a lease option is available. The total assets, including FF&E, Inventory and Rental Stock, appraised out at $1.2m.

Premises Details:

12823 square feet in a store front and a covered warehouse.

Size in square feet:
12,823

Business Operation

Expansion Potential:

Large, well designed area for serving customers, but geographically bound by other businesses. Ideas for additional revenue have been identified, such as cleaning boat covers with their large washing machine that cleans their tents. Also, the current owner has not had a proactive marketing team in awhile.

Competition / Market:

This business's Competitive Advantage is it's size and diversity of product offerings. It has managed very well by being nimble and adaptable to the needs of the Customer. There are 85 businesses listed with the same NAICS Code, 532210, within twenty-five miles of this business.

Reasons for selling:

It's time to retire!

Employees:
18
Years established:
Been around for more than forty years

Other Information

Support & training:

They have a well trained seasoned staff that would assist well with a transition. In addition, the Seller could be available to stay on under the right circumstances.

Financing available:

The SBA is currently offering their fantastic deal on businesses closed before Sept where they pay the loan for the first six months! See your banker for details.

Furniture / Fixtures value:
$250,000
Inventory / Stock value:
$250,000
Relocatable:
This business can be relocated.

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