Michigan-Based Event Services Company (RA145)

Status

Company Summary

This Company has set the standard for providing high-end party and event rental services, both in terms of strong customer service and in staying ahead of trends in event staging. The Company has a strong customer list, including many repeat clients, for which it provides products ranging from tents, tables and chairs to linens, dishes and lighting. It is known for an experienced staff committed to making each client’s event special, no matter the budget. The Company has more than a decade of steady growth, even as the hands-on owner has not sought out additional sales to maintain current workload. The Company is poised for continued growth as the owner looks to retire, providing an excellent purchase opportunity.

Growth Opportunities

Expanding Demand for Services – The current owner reports a large untapped market for corporate events as well as steady growth in wedding events. The owner has chosen to turn down business opportunities to maintain a hands-on management approach, leaving significant growth opportunity for a new owner who invests in work crews, vehicles and inventory.

Continued Growing Market Share – The Company’s current growth record began at the end of the recession when it was able to invest in the latest products to meet new trends. That, along with an early emphasis on social media marketing, has set the Company well ahead of the competition.

Investment Highlights

Premium on Customer Service – The Company has built its reputation and its customer list through high quality products and a focus on maintenance, along with services that meet a range of client needs from a basic charity event to a sophisticated society gathering.

Excellent Market Presence – Thanks to strong marketing and an excellent record of service, the Company has become a highly recognized brand in an extensive market area that includes multiple communities.

 

2018 Revenue:                       $1,213,200

2018 Adjusted EBITDA:          $457,000

 

 

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