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Well-established Party Rental Company In Westchester County For Sale

Westchester County, New York, US
Asking Price:
$1,699,999 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$2,543,276
Cash Flow:
$500,000

HS Listing ID-62860

Established in the 1950s, this business boasts a long-standing reputation and trusted presence in the market.

Affluent Area: Located in an area with significant wealth, ensuring a steady demand for high-quality rental services.

Lease: 4-years remaining with (1) 5-year option

Operational Fleet: Runs a fleet of 8 trucks, with 5-6 trucks active daily to meet service needs.

Ample Facilities: Includes a 12,000 SQ FT warehouse and a parking lot for 15 vehicles.

Reliable Client Base: Has a strong base of repeat customers, including charities, marathons, synagogues, schools, and private events.

Geographical Reach: Services are divided among Westchester County (50%), Manhattan (20%), Brooklyn (13%), with the rest in Queens, New Jersey, and Connecticut.

Seasonal Workforce: Employs 22 people in busy seasons, reducing to about 9 in slower periods.

Extensive Inventory: Maintains an inventory valued between $750,000 and $3 million to meet various client needs.

Financing: Can qualify for partial SBA loan, seller is also open to financing for the right buyer

A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION

Property Information

Real Estate:

Lease

Lease Terms:

4-years remaining with (1) 5-year option

Leasehold Rent:

$129,800 per annum

Size in square feet:
12,000

Business Operation

Reasons for selling:

Other business interests.

Years established:
70

Other Information

Support & training:

Yes.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Yes