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Event Rental Business w/ $1M+ Annual SDE 🎪
Under the Radar Weekly Deals

Discover Top SMBs for Sale
👋 Hey fellow searchers,
Hope you had a great weekend and welcome back to Under the Radar!
Let’s get right into it.
This week’s issue features:
🛖 Roofing and siding contractor w/ $7M annual revenue
🎪 Event rental business w/ $1M+ annual SDE
🏛️ Architecture & planning co. w/ $1M+ annual SDE
Hot Deals 🔥
Analyses of the best deals we found across top marketplaces and brokerages.
#1. Roofing and siding contractor w/ $7M annual revenue
🏷️ Asking Price: $1.96M
📍Location: New Jersey
Overview: This roofing and siding contracting business has been serving residential, commercial, and general contractor clients in Southern NJ for over 20 years. Generating ~$7M in annual revenue with SDE of ~$765K (2.6x multiple), the company has built a strong reputation for reliability and fair pricing. It operates out of a 4,000 sqft. leased facility with attractive lease terms and has a skilled management team and dedicated field crews in place. The seller is offering seller financing and is open to staying on as a consultant post-sale. SBA pre-qualified for financing, the business includes $250K in Net Working Capital and $230K in Fixed Assets as part of the sale.
What I Like 👍
Established Track Record: 20+ years in business with stable revenues and strong profit margins.
Turnkey Operation: Experienced management team and crews reduce reliance on the owner.
Growth Potential: Projected 15%-25% annual revenue growth with an investment of $100K-$150K per year in direct sales and marketing.
Attractive Deal Structure: SBA pre-qualified and offers a strong return on equity with $320K in after-debt cash flow in Year 1.
Strong Asset Base: $250K in working capital and $230K in fixed assets included in the sale.
What to Look Out For 👀
Competitive Market: Roofing and siding can be a crowded space, so assessing key differentiators (pricing, service quality, branding) is crucial.
Customer Concentration: Need to review the client mix—is revenue spread across many customers, or are there a few large accounts driving sales
Seasonality & Cash Flow Management: Roofing and siding can be seasonal—need to assess how cash flow is managed in slower months.
Labor Dependence: The business relies on a skilled workforce—how easy is it to hire and retain field crews?
Key Questions❓
Are there existing long-term contracts with commercial or general contractor clients?
What is the breakdown of revenue between residential and commercial projects?
How dependent is the business on referrals vs. proactive marketing efforts?
#2. Event rental business w/ $1M+ annual SDE
🏷️ Asking Price: $2.95M
📍Location: Broward County, FL
Overview: This 32-year-old event rental company generates ~$4.2M in annual revenue with SDE of ~$1.1M (2.7x multiple). It serves Broward, Miami-Dade, Monroe, Palm Beach, and Martin counties, providing tents, flooring, platforms, staging, lighting, and other event essentials for weddings, corporate gatherings, charity events, and seasonal businesses like Christmas tree and fireworks sales. Operating out of a 20,000 sq. ft. warehouse and office space, the business has a fleet of 15 trucks and employs 25-45 staff depending on seasonality. The owners are retiring but are willing to stay on for transition. Real estate is available for purchase or lease.
What I Like 👍
Strong Market Presence: 32 year track record with a well-known reputation in the area.
Diverse Revenue Streams: Revenue comes from various event types, including corporate, private, and seasonal contracts.
Turnkey Operation: Experienced manager and crew leaders in place, reducing owner dependency.
Growth Potential: Could expand into longer-term corporate contracts or higher-end event planning services.
Seller Financing Available: $1M in seller financing at 8% for 5 years, which could ease financing constraints.
What to Look Out For 👀
Seasonal Demand: Revenue likely fluctuates based on event seasons (Q4 being the busiest).
Logistics-Heavy Business: Requires a fleet, warehouse space, and labor-intensive setup/teardown for each event.
Customer Concentration Risk: Would need to assess how much revenue comes from repeat corporate clients vs. one-off events.
Capital Intensity: Heavy equipment investment required—though $1M in FF&E is included in the sale.
Key Questions❓
How diversified is the customer base? Are corporate contracts a significant portion of revenue, or is it mostly one-off events?
What percentage of revenue is tied to seasonal tent rentals (Christmas trees, fireworks, etc.)?
What condition is the event equipment in, and what major replacements might be needed soon?
#3. Architecture & planning co. w/ $1M+ annual SDE
🏷️ Asking Price: $3.2M
📍Location: Ohio
Overview: This 70-year-old architecture and planning firm specializes in housing, healthcare, education, government, and commercial projects, with a repeat client base driving much of its business. Generating ~$3.7M in annual revenue with ~$1.06M in SDE (3.0x multiple), the company currently has ~50 active projects and operates out of an 8,500 sq. ft. facility that is only 75% utilized, allowing room for ~40% staff growth. The firm does not have a dedicated sales team, relying instead on Requests for Qualifications (RFQs), trade shows, and word-of-mouth. Two of the three partners plan to transition out post-sale, while the third partner and the rest of the staff are expected to remain.
What I Like 👍
Established Track Record: 70 years in business with deep industry relationships and repeat customers in high-barrier sectors like healthcare, education, and government.
Built-In Growth Capacity: Office space is only 75% utilized, allowing for staff expansion without additional facility investment.
Diverse Client Base: Projects span multiple industries, reducing reliance on any single sector.
Proven Demand: 50 active projects indicate steady demand and revenue stability.
Smooth Transition Support: Two partners plan to exit but are willing to stay on as needed to assist with transition, while the third partner and staff remain.
What to Look Out For 👀
Owner-Driven Business Development: One partner leads client acquisition, meaning a new owner will need to replicate or improve sales efforts.
No Dedicated Sales Team: The firm relies on RFQs and word-of-mouth, so business development processes may need enhancement to support future growth.
Partner Exits: With two partners leaving, understanding their exact roles and responsibilities is critical—will the remaining partner and team be enough to maintain operations?
Project Pipeline Stability: Assess the long-term contract structure and whether the backlog can sustain operations post-acquisition.
Competitive Bidding Environment: RFQs are competitive and time-intensive—a deep dive into win rates and historical success in securing bids is necessary.
Key Questions❓
Are any existing projects tied to the departing partners, and how will those relationships transfer to new ownership?
What would be required to build out a dedicated sales function to reduce reliance on RFQs and referrals?
How involved are the exiting partners in client relationships and day-to-day operations?
Other Hot Deals 🔥
Radar Picks 📡
Bit-sized reads featuring insights and fresh perspectives
Tweet of the Week 🐦
This week’s featured tweet comes from CoFounders Nik, who breaks down the true cost of a bad hire—and why experience alone isn’t enough when hiring for an SMB. Many business owners over-prioritize industry experience, only to realize too late that adaptability and problem-solving matter far more. Nik shares hard-hitting data and a smarter approach to finding leaders who can actually scale your business. Check it out 👇
ONE bad hire cost me $562k, that I'll never see again.
Like most SMB owners, I used to favor experience over capability. It was a near fatal mistake.
Here’s why resumes lie & how to YOU can find leaders who actually scale your business.👇🧵
— CoFounders Nik (@CoFoundersNik)
10:00 PM • Feb 7, 2025
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DISCLAIMER: This newsletter is for informational purposes only and should not be considered financial advice. It offers analyses of businesses without endorsing any specific financial actions. Readers are advised to do their own research and consult a professional before making investment decisions.