Well established, 50+ year old event rental company with real estate

Lake County, IN
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Asking Price:$1,750,000
Gross Revenue:$1,100,000
FF&E:$125,000
Established Year:1980
Cash Flow:$275,000
Inventory:$600,000
Real Estate:$350,000
BUSINESS DESCRIPTION

Largest event rental company in 3 counties, close to Chicago

Welcome, prospective buyers, to an opportunity of a lifetime with our family-owned event rental company. With over 50 years of unparalleled service in the event rental industry, we've built a legacy of reliability, quality, and customer satisfaction. We specialize in the rental of tents, tables, chairs, linens, and other event items. We have the largest inventory of event rental items in the area.

Picture this: owning a turnkey event rental business equipped with everything you need to dominate the market. From tents, tables, chairs, tableware, linens, drapery, and everything in between, our company boasts an extensive inventory of high-demand rental items. Your customers will never have to look elsewhere to bring their event visions to life.

But it's not just about the inventory; it's about the infrastructure. Included in this sale are our fleet of trucks, ready to deliver goods promptly and safely to any venue. Plus, you'll inherit our prime real estate - the heart of our operations - ensuring continuity and accessibility for both staff and clients.

Ah, yes, the staff - the backbone of our success. Our dedicated team is experienced, passionate, and committed to excellence. With their expertise, you'll seamlessly transition into ownership, maintaining the stellar reputation that our company has earned over five decades.

Whether it's weddings, corporate events, or community gatherings, we have been the go-to choice for event planners and individuals alike. And now, it's your chance to step into this lucrative venture, armed with a brand that's synonymous with quality and trust.

Don't miss out on this extraordinary opportunity to own a thriving event rental business. Let's continue to make every event unforgettable, one rental at a time.

NOTE: As of 09/16/2024, our largest competitor located in Chicago closed up & relocated their equipment to other locations thus opening up a new market for us!


DETAILED INFORMATION
Location
Lake County, IN
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Building SF
12,000
Employees
12
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
8000 sqft showroom & warehouse on a busy street, gated parking for delivery vehicles, separate parking lot for employee parking and add'l storage, and an add'l 4000 sqft storage warehouse with loading dock located 3 miles away. Also included are all newer Dell desktop computers, local server, phone system, and surveillance system. We use proprietary rental software that is purchased, not leased. Also included is a 5,000 pound propane forklift & trailer. In 2023 we invested over $60k on brand new linen production equipment (washer / extractor and press).
Competition
We are the largest event rental company in 3 counties. We are also very close to the Chicago market. Recently, our largest Chicago competitor closed / relocated to Texas. Our combined web presence provide us with 1st page Google visibility organically so we spend very little on paid advertising. Our main showroom is located on a busy street. The frontage has lots of window space. We are very friendly with our largest local competitor as well as other smaller companies in the region. We provide equipment for many of the regions largest events.
Growth & Expansion
Over the past 5 years we have been selling off underperforming equipment and purchasing new items to help provide a focused but diverse selection to our customers. This has helped us fine-tune our more lucrative items and keep our employees engaged. This has helped us maintain solid growth and . We have an outstanding and dedicated management team. Our short term goal is to eliminate our smaller wedding rental items. Our long-term employees appreciate the seasonality of the business and look forward to a reduced schedule to spend time with family.
Financing
No owner financing available.
Support & Training
We specialize in tents, tables, and chairs as well as linens and other event needs. Seller can remain on board for up to 60 days with appropriate compensation to help with training and customer relations. Warehouse & office manager should remain on after the purchase & both of whom have an immense wealth of business understanding in their respective positions.
Reason for Selling
I have enjoyed this business for over 20 years. It is now my time to retire and
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Christopher Kinkade
Christopher Kinkade