14634261 Equipment Rental Equipment Rental Business - Successful $ Solid Susan Wain 1969 $1,924,994 $306,000 $1,110,000 $53,884 17 (15 Full Time, 2 Part Time) Owners will assist in transition to new owner. Owners will stay on beyond the transition period as a consultant. Terms to be negotiated. Owners wish to retire.
Business Details
For 40 years, this gem of a business has been a leading provider of party and event rental items to both large commercial accounts and retail customers.
Gross margins and cash flow have increased in 2009 because of cost cutting measures that the owner has implemented. The one-stop-shopping motto applies to this healthy business because of the extensive inventory of rental items and retail party supplies that are available.
Although there is competition in this industry, our client has endured for more than 40 years. They have developed an outstanding reputation along the way while watching smaller competitors close their doors. With key staff maintaining tenure of more than 20 years, their experience has proven to be a valuable asset to the business.
In December 2009, the owner implemented a new website with e-commerce capabilities. This website is guaranteed to expand the company’s presence on the internet, allow customers to shop at home if they so choose, and increase product distribution to customers outside the geographic region in which this company normally conducts most of its business. Customers come to them due to word of mouth advertising, but several other methods are used to promote its services, including fliers, coupons, and the Yellow Pages, to name a few.
Location Details
NJ Several well maintained and centrally located facilities. Lease/own No