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Industry Leader in Event Storage Solutions

Name: Industry Leader in Event Storage Solutions
Price range: $$

Listing

1784

Plymouth County, MA

Revenue

$4,027,961

Cash Flow

$1,025,994

Asking Price

Accepting Offers

Business Description

This business is the national leader in storage services for events. With a fleet of seventeen storage vehicles working all across the country at major sports venues, concerts, festivals, road race, conferences, and more.
Their customers are event and venue partners, which are broken down into a several categories:
– Competitive events (road races, triathlons, etc.)
– Spectator events (professional sporting events, concerts, festivals)
– Professional events (conferences, testing centers, etc.)
– Short-term storage rentals (construction sites, warehouses, etc.)

They work at a number of NFL, MLB venues, and major annual events. Additionally, they work a number of concerts.
Their executive team is small but mighty – with two full time operations team members, two sales reps, and the owner as the CEO, they are able to effectively and remotely manage up to twenty-five events a day (typical busy season Saturday!).

Event management is broken down into several areas:
Concerts; Sporting events; Competitive events; Business rentals; Bag and Luggage checks; Testing sites;
Festivals; Weddings/private events; Commencement ceremonies; Conferences / Expos

*Please note their fiscal year runs from March 1,2022 – February 28, 2023

Growth Expansion and Opportunities

Per month, one truck costs approximately $2,500 to have on the road but can easily generate 4x that amount. The more trucks on the road, the more coverage the company can offer, less travel expenses incurred, less wear and tear on vehicles, and consistent presence in any one region leads to more streamlined staffing and results in lower staff cost percentages. Additionally, the company is primed to start expansion into Canada.

Support & Training

The seller will provide training and support to ensure a smooth transition.

Reason Selling

Concentrate on other ventures

Employees

Terms

It is expected that a qualified buyer can obtain an SBA 7A loan with 10% down payment for the business.

Broker

Bil Zarch

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