ID : 39022
This is a unique opportunity to purchase a long established and profitable marquee hire and event management business which is entirely autonomous.
It is conveniently based in Berkshire with direct access to the M4, very close to M3 and M40 operating from a leased premises with plenty of outside space and parking.
The business provides frame marquees, furniture and associated outdoor event equipment for weddings, parties, sporting and corporate events.
The two owners have built up an outstanding reputation for excellent customer service over 10 years which has lead to regular and repeat business. Neither now works for or in the company.
Last year this company came through a difficult transition as the owners have sought their careers elsewhere, one following an opportunity in Australia. The consequence was a drop in profit to 30k from a turnover just over 500k. 2017/8 saw the effects of new management which has shown an Ebitda of 70k from turnover of 435k.
The current year ending Oct 2018 is likely to be our best year yet where the costs are controlled as last year but the turnover is predicted to be back to just under 500k. Ebitda in excess of 100k is predicted.
The business is very well equipped, with a large stock of modern clearspan frame marquees, complete with wooden interlocking floors, interior linings, electrics, lighting, LED uplighters, music and PA systems, various dance floors, tables and chairs, together with 2 Mercedes Sprinters (one a Luton with tail lift) to transport them. All the tools, fixings and erecting equipment have been well maintained and are included in the sale. The business also has operator’s licence for 2 vehicles.
This opportunity would suit a new owner seeking a business at the start of an anticipated period of considerable growth which generates regular income with minimal input.
The guide price for assets and goodwill is £245,000, to include fixed assets with a market value of c. £150,000.
Up to date management figures and further details will be readily provided to genuine enquirers, following receipt of a signed NDA.
Further information available upon request, please contact seller below for more details.
