Location: Northeastern Ohio
Construction And Party Rental Center
Industry: Real Estate and Rental and Leasing
BUY your way into a Legacy of Goodwill with this iconic rental company. Their product diversity of both party supplies and equipment has created a recession resistant business. This company rents out equipment for weddings and special events with set up and delivery options available while also filling the needs of homeowners and construction crews alike, from small tools and lawn and garden equipment to lifts, bobcats and excavators, this business rents it all. The assets alone appraised out at more than $1.4m on this business.
Your necessary rental inventory and retail stock, as well as the furniture, fixtures and business equipment needed to run the business, are included with this purchase. Equipment dealerships with national name brands included. With the right offer, you could own the property as well, but a lease option is available.
Total Sales: $1,300,000
Cash Flow: $395,000
FFE Included: Yes
FFE: $250,000
Reason For Sale:
The Owner is ready to retire after Fifty Plus years of carefully cultivating, nurturing and growing this business!
Training & Support:
As negotiated.
Type of Location: Commercial
Square Footage: The building is a timber structure of approximately 2,459 sq. ft. with an additional structure adding 864 sq. ft., for a total of 3223 sq. ft. The back lot hosts a warehouse that is listed as 9,600 sq. ft. and is of fire resistant framing.
Facilities Information:
Your necessary rental inventory and retail stock, as well as the furniture, fixtures and business equipment needed to run the business, are included with this purchase. Equipment dealerships with national name brands included. With the right offer, you could own the property as well, but a lease option is available.
Historical Summary:
“General Rental Centers” are described as the following: “This industry comprises establishments primarily engaged in renting a range of consumer, commercial, and industrial equipment. Establishments in this industry typically operate from conveniently located facilities where they maintain inventories of goods and equipment that they rent for short periods of time. The type of equipment that establishments in this industry provide often includes, but is not limited to: audio visual equipment, contractors' and builders' tools and equipment, home repair tools, lawn and garden equipment, moving equipment and supplies, and party and banquet equipment and supplies.”
Financing/Terms:
If the Buyer is considering pursuing a SBA loan, then 10% down is required on both the business and real estate, if included.
Listing ID: 0917202001
For more information on this listing, please complete our Non-Disclosure Agreement
