Under contract-Thriving for over 28 years under same ownership. 2019 gross sales were $2.1M+ with adjusted net earnings of $470K+/. Excellent books and records are available.
The business provides production equipment, expendables, communication and special effects equipment for rent. The equipment is in excellent condition and has been maintained under strict quality control guidelines. All equipment will be included in the sale. There is a manger and 10+/ employees who have been well trained and have been with the company for years. The real estate lease will end in October 2020. The business will need to be relocated, this could benefit the buyer given the current building is larger then needed at 12K sq.ft and the physical location could be improved.
Location: Los Angeles area
Inventory: Included in asking price
Employees: 1 manager and 10+/
Facilities: 12K+/ of warehouse space. Business will need to be relocated. Smaller space could be used.
Competition: Production rental is a competitive field, this business has held its own for more than 28 years.
Growth & Expansion: Many possible ways to grow and expand.
Financing:Some Seller finance may be possible to qualified Buyer.
Support & Training:2 weeks for 10 hours per week or as negotiated.
Reason for Selling: Retirement