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Broker Name:Lisiten Associates
Broker Email:ron@bbpinc.com
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THE BEST PARTY and TENT RENTAL COMPANY IN NEW YORK
(Rentals, Equipment Rentals; Rentals, Party Rentals; Services, Event Companies; Services, Linen Servi)
New York, New York
Listed Price: $ 8,495,000
Listing ID: XC1110911

Listing DetailsGross Revenue: $ 6,870,000
Cash Flow: $ 2,112,000
FFE: $ 8,200,000 (Included in Price)
Inventory: $ 5,000
Form of Ownership: S Corp
Terms and Conditions: NEGOTIABLE
Reason for Sale:

RETIREMENT


Training & Support:

COMPLETE TRAINING PROVIDED


Listing SummaryBusiness Description:

THIS IS THE BEST PARTY AND TENT RENTAL COMPANY IN METRO NEW YORK WITH 82% RECURRING REVENUE. They Service Major Interstate clients and all Major Clients including, City and State Municipalities, Charities, Universities, Schools and Major Event Companies, Major industrial and Business Clients and A Host of other Interstate venues.

In over 30 years, the Company has grown from a local Company to an Interstate Provider of Complete Event Services. These High Profile Events range from the most Intimate Wedding for 75 Guests to tented fundraisers with 1500 Guests and seating for 30,000 at a Major University Commencement.

Special Event Planners rely on this Company because of the reputation they have built for their High Quality equipment and Service.

They have dedicated personnel with an average 12 year tenure who love what they do. The Business can be Easily Grown without adding additional permanent space.


Historical Summary:

IN BUSINESS OVER 30 YEARS WITH AN IMPECCABLE REPUTATION

and 82% RECURRING REVENUE


Owner Qualifications:

BUSINESS EXPERIENCE


Competition:

VERY LIMITED


Potential Growth:

UNLIMITED


Financing/Terms:

NEGOTIABLE


LocationLease Expire: 0000-00-00
Option: YOU MAY PURCHASE OR LEASE THE BUILDING
Lease Security: 0
Monthly Rent: $ 35,000
Square Footage: 30000
Type of Location: Stand Alone
Facilities:

A BEAUTIFUL BUILDING WITH A 20,000 SQUARE FOOT FOOTPRINT AND 10,000 SQUARE FOOT SECOND FLOOR.The building contains offices, showrooms, warehousing and staging areas for all events.

EQUIPMENT INCLUDES: ALL KINDS AND SIZES OF TENTS, CHAIRS , TABLES, DANCE FLOORS, HEATING EQUIPMENT , COOLING EQUIPMENT , GENERATORS, LIGHTING, DINNERWARE, CHINA AND GLASSWARE, FLATWARE, SERVING EQUIPMENT AND TABLETOP, LINENS, BARS AND ACCESSORIES, MISC. ACCESSORIES, COOKING EQUIPMENT, BARBECUE EQUIPMENT AND TOOLS, CONCESSION EQUIPMENT, ASSORTED PARTY SUPPLIES AND OTHER MISCELLANEOUS ITEMS.

 

NOTE: THE BUILDING IS NOT INCLUDED IN THE PRICE ABOVE. 

It is estimated to be worth $5Million and can be purchased separately at an updated independent appraisal price.


OperationYear Established: 1985
Days & Hours of Operation: 8-5 M-F
Owner Hours: 40
Employees: Full Time: 60 / Part Time: 30
Managers: 2
Absentee Owner: No