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Reduced Sale Price - Party Rental Business For Sale

Johannesburg, Gauteng, South Africa
Asking Price:
R1,800,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
R1,200,000
Cash Flow:
R100K - R500K

Super successful, well established party rental business is up for sale. Established in 1989 - 33 year old. High return client base, big data base, regular caterers with business year round. In season, too much business to handle! Can extend into event management and or catering. Large amount of equipment for a small business - in a good condition. Excellent reputation. Good customer service. No negative public feedback. Fantastic small team of staff each understanding their roles. Good systems in place to have it run smoothly, effectively and efficiently. Up to date with SARS and accounting. Recently sold, a year ago, for 2.8M plus interest on contract. Price REDUCED by 1M for URGENT SALE!
A family business. Little gold mine, if you honour the orders, the money flows! Never actively been marketed, so huge growth potential if this is done. It was more than enough for me to handle and I wasn't interested in expanding it due to directorships in other businesses.

For more information, please contact us by using the form below.

Property Information

Real Estate:

Lease

Lease Terms:

Annual renewal. Rental is R14 300.00 per month water included. Prepaid electricity. Pool maintenance by owner of the property.

Leasehold Rent:

R171,600 per annum

Living Accommodation:

None

Location:

Run from a house in Bordeaux, Randburg

Premises Details:

Whole house and out houses dedicated to the business

Planning Consent:

None

Business Operation

Expansion Potential:

Sales are from returning clients and caterers. By word of mouth sales. If the business was actively marketed it has great opportunity for expansion. It hasn't been marketed before with the intention to stay small and manageable.

Competition / Market:

Prices are competitive in comparison to other hiring companies. No hiring company within a 10km radius from where we are situated.

Reasons for selling:

Immigration

Trading hours:

7:30-4:30 Mon - Fri
Saturday mornings

Employees:
5
Years established:
1989

Other Information

Support & training:

There is currently an office manager who you could employ to continue the work. Or he can assist in the take over.

Inventory / Stock value:
R1,837,589 - included in the asking price
Website:
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Home based:
This business can be run from home.
Relocatable:
This business can be relocated.