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#Business ID: 12745

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The Best Party and Tent Rental Company In New York

Business Location: New York City, New York, United States

Asking Price: BUSINESS SOLD Revenue: $ 6,870,000 Cash Flow: $ 2,112,000

[Furniture / Fixtures included]

Business Summary

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.

Property Details

Years Established:

1985

Property Type:

Lease

FF&E:

$ 8,200,000

Inventory Value:

$ 5,000

Other Business Details

Business Location:

Lease 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.

Competition:

Very limited.

Expansion Potential:

Unlimited.

Business Operation Details

Employees:

Full Time: 60 / Part Time: 30 Managers: 2.

Trading Hours:

Days & Hours of Operation: 8-5 M-F Owner Hours: 40.

Support & Training:

Complete training provided.

Miscellaneous Details

Financing Available:

Yes
Negotiable.

Reason For Selling:

Retirement.

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