Lighting & Grip Rentals-Film Production SoCal
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Background
| BizEx ID: | BizEx1486-TP |
|---|---|
| General Location: | Southern California, CA |
| Category: |
Electronic & Electrical Equipment Entertainment/Film Production Industries |
| Years in Business: | 17 |
| Under Present Owner: | 17 |
| Hours of Operation: | Monday - Friday 7 am - 5 pm Closed Saturday |
| Owner Hours: | Monday - Friday 8 am - 5 pm |
| Training: | 2 weeks @ 20 hours |
| Organization Type: | S-Corp |
| Lease Expiration: | 12 months from Close of Escrow |
| Lease Options: | TBD |
| Building Size: | 3469 |
| Employees: | 3 |
| Reason for Sale: | Focus on other interests |
Financials
| Asking Price: | $2,250,000 |
|---|---|
| Down Payment: | $2,250,000 |
| Gross Sales: | $1,208,923 |
| Discretionary Cash Flow: | $469,648 |
| FF&E: | $1,550,000 |
| Inventory Included? | Yes |
| Inventory: | Included with FF&E Amount |
| Min. Operating Capital: | |
| Real Estate Available? | No |
| Rent: | $8,500 |
| Payroll: | $17,800 |
| Financing: | Call |
| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Gross Sales | $ 1,573,277 | $ 1,456,361 | $ 1,208,923 |
| Gross Profit | $ 1,220,150 | $ 1,130,364 | $ 1,034,047 |
| Disc. Earnings | $ 565,961 | $ 498,200 | $ 469,648 |
Pictures
Description
Excellent opportunity to acquire a profitable Lighting & Grip Equipment Rental business located in Los Angeles. The Owner has had over 20 years of production lighting experience. Between 225 to 250 production companies yearly rent from the business. A strategic buyer likely will need just 1 or 2 of Seller's employees for continuity. RENTAL VEHICLES-CUSTOM TRUCK Lighting efficiently transported, deployed, and wrapped! Custom trucks are designed around the Mercedes-Dodge “Sprinter” platform. The company is a premier equipment and vehicle rental company based in the Los Angeles area. The company's primary focus is on its proprietary line of branded lighting and grip Mercedes Sprinter vehicles, which are exclusive to the Seller in both design and functionality. In addition to specialized vehicles, they offer an extensive selection of the latest LED lighting and grip equipment, meeting the diverse needs of clients and productions. Features include lift gates, speed rail boxes, modular rolling carts, and much more. Trucks are smaller, eco-friendly, nondescript, easy to park, and driver-friendly. Over 325 truck packages rented yearly.
Big Beautiful Bill section 179 deductions and bonus depreciation on equipment appraised value may allow immediate tax benefits. Potential Buyers should consult with their accountant for clarification.
CUTTING EDGE TECHNOLOGY Seller handles sub-rentals to ease clients' prep and wrap and is up to date with contemporary trends in visual imaging, equipment technology, and production methods. The business prides itself on constantly acquiring new inventory directly from long-term relationships with manufacturers and vendors. Rental clients are encouraged to request other equipment not seen on the Seller's standard packages. EASY TO WORK WITH & ADDED SUPPORT The company offers competitive pricing, advising clients correct tools for the job, and putting together custom packages for their needs. The Seller and his team advise clients during prep, production, and wrap. As well as deliver backup units and last minute additions.For more information visit www.bizex.net to complete Buyer Registration/NDA.Contact:Tom Plotkin at 310-882-2200 x127 tplotkin@bizex.net Lic# 0185229
Disclaimer: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.
