This Northern Michigan company stands out as a premier provider of rental items catering to a wide spectrum of events ranging from backyard gatherings to large weddings. Its extensive inventory list includes tents, furniture, décor, dishware, dance floors, and more, available at various price points to cater to a diverse clientele.
Over the years, the company has earned a stellar reputation in the local area, boasting a loyal base of repeat clients. Additionally, the company is situated in a city renowned as a popular wedding destination for both locals and tourists alike.
The current owner, who has predominantly held an absentee role since the company’s inception, has made the decision to sell the business to concentrate on other business ventures. With a robust management team already in place, this presents a lucrative opportunity for prospective buyers. Whether seeking to boost passive income or preferring a more hands-on approach, this business is primed for continued expansion under new ownership.
Rented from an unrelated third-party on a month-to-month basis, the facility is available for purchase from the landlord for $1.3 million. Should a new owner wish to remain at this location and acquire the facility, opting for purchasing over renting would result in saving approximately $60,000 annually.
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