Event Equipment Hire Business for Sale [Just Sold]

[Just Sold] This well-established event equipment hire is based in Sydney’s West. It is a one stop shop for just about any equipment item needed for weddings, corporate events birthday parties and more. Items rented out include marquees, tables, chairs, flooring, stages, catering equipment, heating, glassware, crockery, cutlery, linen, lighting and sound equipment.

There are vast numbers of weddings, corporate events, parties and other events that take place each year. As a result, this business operates within a substantial market, providing plenty of scope for growth.

This business has the product range and scale to cater for larger events. This enables the business to win enviable larger contracts that are out of the reach of smaller operators.

The premises are ideal for a hire business. There is ample space for storage of equipment, the land is level and there is excellent access for trucks and other vehicles.

A substantial value of equipment is included with the business sale. Not only does this include all of the equipment that is hired out, it also includes a fleet of trucks and other delivery vehicles.

For the 2022 financial year, this business achieved sales of $1.5 million. Profit to the working owner has averaged $350,000 per year over the past five years. This business also has great cash flow, as most customers pay in full before their events take place.

This quality business is being offered for sale at $750,000.