Special Event Rentals With Focus In Backdrops - Business for Sale
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Event Rental and Backdrop Service in Houston, TX
Houston, TX, US
Added 2 years ago
Special Event Rentals and Event Coordination
20 years in business
Retiring Owner
Event rental and planning company in Houston, TX specializing in pipe and drape backdrops for corporate, nonprofit, and private events, operating for over 20 years within a 100-mile radius.
Key Information
Asking
$620K
Revenue
$737K
Earnings
$199K
Multiple
3.1x
Key Highlights
- Business has been operating for over 20 years
- Handles nearly 200 events per year
- 70% of income is from pipe and drape rentals; 30% from planning and coordinating subcontractors
- Client base: 40% corporate events, 35% referrals from audiovisual companies, 25% nonprofit/private events
- Assets included: 2 box trucks, 1 trailer, inventory of drapery, linens, and table decor
- Approximately $60,000 in customer deposits will transfer with the sale
- Core team of 6 employees plus a pool of repeat contractors
- Monthly storage cost is $450 for 4 storage units
- Seller is willing to finance 10% of the purchase price and stay on for one year to train and transition
Contact Info
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