Equipment Leasing Contracts - Revenue $3.5M
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Asking Price
$4,500,000
Detailed Information
Business Description
An opportunity is available to acquire equipment leasing contracts for TouchTunes jukeboxes and audio/visual equipment with multiple franchisees of a popular casual restaurant chain. The business retains ownership of the entertainment equipment and shares net revenue with franchisees after accounting for fees and expenses. Referrals and long-standing contracts have resulted in over 534 jukeboxes installed across 21 states by the end of 2023, with plans to install more in 2024. The revenue from these contracts exceeded $3.5M in 2023, with significant growth projected for 2024 and 2025. In 2023, the equipment leasing contracts brought in over $3.5M in revenue, resulting in an SDE of over $991k. The business aims to surpass $4.12M in revenue and nearly $1.1M in SDE for 2024, with further growth expected in 2025. With additional jukebox installations in 2024 and