Special Events, Party and Event Production and Rentals
Virginia
| Asking Price: | $949,000 |
| Gross Revenue: | $577,000 |
| EBITDA: | $284,000 |
| Established Year: | 2012 |
| Cash Flow: | $301,000 |
| Rent: | $12,000/Year |
| FF&E: | $441,315 |
Listing ID: 2237762Listing provided by BizBuySell
BUSINESS DESCRIPTION
Weddings, corporate functions, non-profit events and similar
Established in 2012, this is a full-service business with a book of business for 2024 and is being offered turn key including vehicles, trailers, etc.; a full line of special event necessities.
Event planners and organizers often require a diverse array of equipment and supplies to bring their visions to life. This can include tables, chairs, linens, flatware, glassware, tents, lighting, sound systems, electrical cords, stages, dance floors, decorative items, etc. This company offers equipment rental, planning, set-up and break-down – a turn key experience – for myriad special events.
DETAILED INFORMATION
Location
Virginia
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
3,550
Employees
5
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Business is operated on property owned by a separate entity owned by sellers. Buyer may choose to buy the property separately, lease the property or relocate the business (within the service area).
Competition
None in immediate service market but in the wider market the industry is adequately represented. This is an ideal candidate for a strategic buyer looking to expend its geographic footprint into an area with little, if any, competition.
Growth & Expansion
One of the key factors driving the growth of the event hosting and rental business is the increasing demand for unique and personalized event experiences. Individuals and organizations alike are seeking distinctive and innovative event concepts to impress their guests and create shareable moments. This trend has led to the rise of non-traditional event spaces, themed events, and immersive experiences that offer attendees something out of the ordinary.
A larger, strategic buyer or one with a fresh perspective would be able to take advantage of this.
Support & Training
Owners will help to affect a smooth and confidential transition and, at the request of buyer, will stay with the business during a transition period (length of which to be negotiated).
Reason for Selling
Retiring
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