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Theatrical Costume Rental Company
Location: United States -> Illinois -> Chicago
Industry: Business Services > Equipment Rental and Leasing




Business Summary

This business has been operating constantly since 1886 serving professional theater as well as amateur productions in the midwest and nationwide. Chicago is one of the foremost theater cities in the world. Revenues for the business have been consistently over one millions dollars. Revenues have been affected by Covid but are steadily recovering month by month. A good part of the business is educational performances nationwide and those will eventually return.

The inventory consists of 215,000 hangers with costumes along with over 1,700 boxes of inventory such as hats, wigs and accessories. The owner estimates there are 700,000 to 800,000 pieces in total, all housed in 28,000 square feet of space. For some popular productions such as Shrek, the business can accommodate 6 to 8 productions simultaneously. Among other assets included in the sale are over 2,000 full to partial bolts of fabric plus 21 industrial sewing machines.

A signed non-disclosure is required as well as proof of financial capability. It is recommended that any buyer have theatre industry experience.


Financials

Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $1,000,000
Cash Flow:   Seller Will Provide
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $1,100,000
Seller Financing:  Yes

About The Business

Year Established:  1900
Number of Employees:  4 - 5
Relocatable:  Yes
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Yes, 2 weeks.
Reason For Selling:  Retirement




Print Listing Id: 700366773
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Also See: Franchise Opportunities > Franchise Resales > Illinois Businesses For Sale > Illinois Franchises For Sale > Illinois Business Brokers



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