Special Event Rentals With Focus In Backdrops

Business Overview:

The company does nearly 200 events per year – the income breakout is about 70% from pipe and drape rentals and because they own all of the inventory this has a very high margin, 30% of the business comes from planning and coordinating sub-contractors, such as floral, AV, DJ, or catering. Their target client is 40% Corporate Events, 35% comes from referrals from audio visual companies, 25% comes from non profit events or private events such as showers and Quinceanera's. This company has been providing pipe and drape services to produce beautiful back drops for events within a 100-mile radius of Houston for over 20 years. The venue type that this special event company flourishes in are at large banquet halls or convention centers, trade shows, Gala’s and pageant stages. The purchase comes with 2 box trucks and a trailer used to haul all of the rental pieces, an abundant amount of inventory such as drapery, linens and table decor and there is almost $60,000 in customer deposits that will transfer over for upcoming events.

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Property Features and Assets:

Vehicles: $37,876 – 1 Box Truck Rental

Equipment: $663,216 – Drapery, Linens, fabricated Plants and Floral, Fabric and Tools.

Client Deposits: $57,062

Market Competition and Expansion:

Growth Opportunities: Work closely with caterers for referral business.

Reason for Selling:

Additional Details:

Documents:

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