Event Products Rental Provider

Description:
The Company provides rental products including arcade games, casino entertainment, carnival games, lawn games, virtual reality (VR) gaming, photobooths, and many more.

Key Aspects:
• The Company's revenue grew at a compound annual growth rate (CAGR) of 53.7% between 2020 and 2023
• The Company has many long-term affiliations with customers as a preferred vendor or exclusive vendor
• Diverse range of product offerings
• Over 20 years of experience in the event industry

Opportunities:
• Expand geographically into other large metro areas in the Southeast US
• Increase digital marketing capabilities to expand customer reach
• Grow offerings and inventory to provide additional products
• Expand customer base locally by serving more high-margin events such as weddings, religious events, and corporate gatherings
• Continue to negotiate pricing agreements with preferred vendors to improve margins

Headquartered:
• Southeast, US

Current Markets:
• The Company primarily serves corporate events for destination management companies (DMCs), direct planners, marketing companies, and customers within its regional area.

Real Estate:
• The Company operates from a 40,000 sq. ft. warehouse and office space leased from an affiliated entity. There is room to grow in the current location. The property is not included in the sale, but the owners are open to leasing it long-term.

Shareholder Ownership:
• The Company is fully owned by two shareholders who would like to de-risk and exit the Company. Both owners are willing to remain with the Company for a predetermined period to facilitate a smooth transition to new ownership.