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Established Party Rentals Business For Sale

Randburg, Gauteng, South Africa
Asking Price:
R4,200,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
R1,800,000
Cash Flow:
R130,000

This is a very successful 30 year old, word of mouth business that has never required marketing. Equipment, including all catering supplies and furniture, and many additional items, is rented out for parties and functions, combining both private and corporate work, plus kiddies parties. Regular full-time staff include an office manager, a driver, a helper, a seamstress (for table cloths, picnic blankets, chair covers etc), and a cleaner.

This is a lifestyle business, which provides consistent income and covers many expenses with little work effort. In the owner's words: "it is a little gold mine", and could thrive and grow tremendously with some strategic marketing effort.

The reason for selling is emigration.

If interested, please contact us by filling the form given below.

Property Information

Real Estate:

Lease

Lease Terms:

The property is owned by the company owner, so lease terms would be discussed directly with her, or a property purchase is also a potential consideration for the buyer.

Leasehold Rent:

R180,000 per annum

Living Accommodation:

N/A

Location:

Bordeaux, Randburg, Johannesburg

Premises Details:

The business is located in the office section of large residential property. It consists of an office, kitchen, storage areas, an ironing and sewing room, an extended double garage (fitting two vans and a large amount of bigger stock items), plus an upstairs warehouse above the garage. The company leases this space from the owner of the residence, who is also the owner of the business.

Size in square feet:
About 500 square meters
Planning Consent:

None needed.

Business Operation

Expansion Potential:

As mentioned, KPR has run for 30+ years with no advertising or marketing effort, but produces a consistently strong cash flow with little effort. That said, KPR has a very large stock list, estimated at 1.5M rand in deprecated value, and stock utilisation is only near max during the Oct-Dec peak season period. There is therefore massive potential to greatly improve stock utilisation during the rest of the year with only the additional cost of a marketing effort (staff, vehicles and stock are all paid for in the normal expenses of the business).

Competition / Market:

There are other party rental companies in Johannesburg, but Kate's Party Rentals (KPR) holds a space in the central Randburg area. Each company has their own specialities in terms of the types of stock held and events supported and they rent equipment from one another. In this way, if KPR does not hold certain stock requested by a customer, it can sub-hire it from another hire business, therefore keeping the whole service in-house. Likewise, other hire companies, along with many caterers sub-hire from KPR.

Reasons for selling:

Emigration

Trading hours:

8am till 4.30pm Mon-Frid and Saturday by appointment.

Employees:
5
Years established:
31

Other Information

Support & training:

The owner of KPR will provide the necessary training support required during transfer of the business as agreed upon during sale negotiations.

Financing available:

The owner would prefer a direct sale, but is open to negotiation of financing terms.

Furniture / Fixtures value:
R300,000 - included in the asking price
Inventory / Stock value:
R1,500,000 - included in the asking price
Website:
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Related Documents:
Home based:
This business can be run from home.
Relocatable:
This business can be relocated.

Contact Information

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