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Savannahs Largest Event Rental Business for sale great cash flow

Richmond Hill, GA

Seller Financing Available

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Asking Price:$750,000
Gross Revenue:$1,000,000
Rent:$5,200/Month
Cash Flow:$275,000
Inventory:$550,000
Established Year:2014
Listing ID: 2314796Listing provided by BizBuySell
BUSINESS DESCRIPTION

We rent out inflatables, tents, tables, chairs etc. Looking to sell for an extremely low amount considering the cash flow and income. Excellent opportunity to own or acquire a recreational inflatable rental entertainment business with a huge position and presence in the market. Over 80 inflatables, 10 tents, 1000 chairs, 100 tables. 5 trucks, 5 trailers, dollies cords. Inventory worth $500k. The business will rent, set up, and break down its equipment for an entertaining and memorable event. The current owner manages day-to-day operations and office person to handle office work. Staff to set up deliver and clean items. The phone rings for over $700k a year in established work. Your not gonna be chasing work every year its a lot of repeat business for us. We have done right at a million in revenue the last 4 years.

DETAILED INFORMATION
Location
Richmond Hill, GA
Inventory
Included in asking price
Real Estate
Leased
Building SF
6,800
Lease Expiration
31/07/2025
Employees
10
Facilities
The business offers to rent a warehouse built for this business. 4800 sq ft warehouse, 2000sqft carport, and 3200sqft concrete cleaning pad located within the hub of their ideal customer base and very close to interstate 95. The monthly rent is offered at $5200 if you wish to keep it in this location. This allows for the storage of the vast inventory of rental equipment.
Competition
Largest business of its kind within 150 miles. Plenty of room to expand further but also a vastly growing market. There is competiton but is much smaller in footprint inventory and sales. Climate is perfect for year round cash flow with mild winters.
Growth & Expansion
houses being built at record rates and kids moving in.
Financing
400k down then 10 years finanancing on balance at 8% (rougly $3,000 per month)
Support & Training
Owner operator can stay on for 6 months to help establish new owner and facilitate change with no hiccups. All employees to convey.
Reason for Selling
Real estate development has taken off for us and we want to focus on that.
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Josh Galbreath
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Josh Galbreath
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