Diverse Event Rental Business Thriving in New York

Featured on BusinessForSale.com . 21 viewed

Asking Price

$1,700,000

FOR SALE - ACTIVE

Detailed Information

Location

New York, US

Reason for selling

Not Provided

Real Estate

NA

QUICK STATS

BUYER ANALYSIS

Down Payment

% down

Payback Period

months

Annual Debt Service

% interest, year term

Cash Flow After Debt Service

Debt Service Coverage

x

COMPANY FINANCIALS

Cash flow

(% CF Margin)

Revenue

Furniture, Fixture &
Equipment

Inventory

Show more info

Business Description

This long-standing business, formed in the 1950s through a merger in the 1990s, offers a diverse range of products and services primarily catering to repeat customers such as homeowners, venues, restaurants, schools, and more. With the recent closure of two main competitors due to the pandemic, the company has been able to not only survive but also increase its prices post-Covid. Housed in a leased 12,500-square-foot warehouse in New York with ample parking space for its 6 trucks, the business benefits from a favorable 10-year lease agreement. The company, with a fluctuating staff size ranging from 8 to 25 employees, is managed by two owners - one preparing for retirement and the other committed for the next 5 years. Despite its seasonal nature, the business maintains healthy profit margins by repeatedly renting out its equipment. Key revenue-generating products include tents, chairs, tablecloths, tableware, stages, and dance floors. Operating successfully with a

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