Total of 18657 firms and businesses for sale today Thursday 28th March 2024
Time to Sell or Time to Buy !

Business For Sale. Marquee Hire And Event Planning Company

LISTING DETAILS
Firms For Sale ID:
34818
Vendor reference:
CN054
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£275,000  
Turnover / revenue:
£438,450
Net profit / cashflow:
Undisclosed
Years established:
25
Trading hours:
As required.
Number of employees:
3
Employees / staffing:
Only one of the directors works in the business and this is very much on a part time basis. The current staff includes two full time employees and one part time employee. Staff are highly competent and multi task. The business can also call upon a pool of additional labour as and when required.

OTHER DETAILS
Reason for selling:
Personal reasons.
Support and training:
The owners are happy to assist with full hand over and training to ensure a smooth transition of the business to its new owners. This should be very straight forward as the curent staff can and do run the business. The vendor only works part time.
Business is relocatable:
Yes
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
Established in excess of 25 years ago this business specialises in the hiring of marquees for all occasions, offering a complete package which includes marquees with windows and doors, linings, flooring, tables, banquet chairs, lighting, heating, podiums, PA systems and dance floors.

This is a rare opportunity, to find such a long, well established and thriving business, offered up for sale all in time for the 2022 trade which is expected to be a bumper year.

Business Profile:

This is a business that has been held back by the owners for years to suit their lifestyle, but fortunately in February 2020 with a new marketing strategy in place the owners had decided to push the business on. It later became apparent that this had taken place just in time before the pandemic took hold in late March 2020. The business had been future proofed by the time the pandemic took a grip.

The business is set and ready to benefit from what is expected to be a bumper 2022/3 year.
(£200,00 of forward orders at the time of writing) Offering high quality marquees with a wide range of sizes. This offers a huge amount of flexibility which allows the company to cater for whatever customers require, from a small marquee in the back garden, to a marquee village, or perhaps catering for corporate launches or hospitality. All events are assessed on an individual basis, and the needs of the client taken into account prior to finalising the plans for any event, this can be illustrated using the CAD package. The company has a good range of clients both commercial and domestic. Evidenced with a superb history, trading through a recession and more recently thriving during a pandemic.

The company caters for all requirements with a great history of long term hires, corporate hospitality, sports event sponsorship with hospitality for guests, to smaller activity days but have really carved out a reputation in the market place for high end weddings. As you would expect the company can theme events with accessories available to choose from.

The company gives each customer a high level of personal and reliable customer service, from the first phone call to the final clearing of site. Through the office’s utilisation of leading event management software and subsequent site visit program, the customer’s needs are established and the correct range of hire services and structures are offered. With erections taking place for events as varied as weddings, shows, product launches, outside events and VIP hospitality, the company can tap into its vast knowledge and database history of previous events to quote a package ideally suited to their needs. Many of the customers are attracted to the company by recommendation or seeing one of the company’s marquees at other events.


The company offers (and has a reputation for) quality products, efficient service and competitive transparent pricing. This philosophy has resulted in the company being a solid choice for the client and is a major force in the marquee industry.


Equipment:

There is a huge range of high quality equipment including marquees, vehicles, accessories etc. The business also utilises leading event management software and CAD so customers can build and see exactly what offerings they want in advance to make sure all requirements are met.

The company has drawn on its many years of experience in the trade to enable them to select some of the world’s best suppliers of marquees and associated equipment. The company has an ongoing equipment maintenance and replacement program which any new owner will benefit from.

The present owners of the business have invested in excess of £50,000 in readiness for the 2021/22 year. Marquees are no longer seasonal, they can be used in all seasons, with heating solutions optional (included in the stock). All structures can be supplied with or without a wide range of furniture and accessories.

Equipment replacement value would be approximately £325,000 – £375,000.

The equipment is not included in the asking price. A buyer can purchase all, part or none of the equipment at prices agreed with the vendor.

Key Strengths:
The business has created a tremendous reputation in this exciting market based on their professional approach and dependable service, expansive knowledge and expertise. The business is well respected for its honest, reliable and friendly approach, which has created a strong client base, together with well maintained, high quality stock.
This company’s strength is founded mainly on its consistency in retaining a high level of repeat business, and it being able to offer individual events designed specifically for the many individual clients while being quick to respond to their needs or changes as they occur.
It also has a dominant internet presence with a world class domain and website.
It has a superb level of equipment and is able to cater for most events. It also has a healthy forward order book that ensures good cash flow within the business.
The business has the following key attributes:

• Well-established and longstanding marquee hire and event planning/management company
• Private and corporate client customer base.
• National preferred supplier status with a number of hard to attain organizations.
• Huge breadth and depth of high quality stock – capability to service numerous events simultaneously.
• Highly profitable
• Strong forward order book.
• Excellent reputation for very high levels of personal, friendly and professional customer service.
• Substantial growth and expansion opportunities.
• Strong repeat client base, a number of clients have been using the business for in excess of 20 years.
• Incredible digital presence and a world class domain and website.
• Database of previous events
• Paid up insurance premium until mid 2022.
• The present owners are keen to offer a handover ensuring the continued success with a smooth transition to new owners.
Key Opportunities:
Benefiting from a new marketing strategy, the business is set to fly. With new owners wishing to sustain or grow, the ‘ship is ready to sail’.

The business provides an acquirer with the following:

• Ideal bolt on for a company already operating in the marquee, catering equipment, event and furniture hire sector.
• Excellent starter opportunity for an individual or organisation looking to establish a foothold within the hospitality sector.
• Exploit targeted marketing through the new website, build the relationships formed with the many event planners, take on more work that is currently being turned away or sub hired.
• There is also a superb opportunity to expand into related areas, for example more event management, catering, equipment hire, entertainment etc.
• Franchise opportunity using the current name, website and brand, this business could easily become ‘the’ national name.
• With 2022 predicted to be a bumper year it is the perfect time for new owners to take the reins.



Employees:

Only one of the directors works in the business. The current staff includes two full time employees and one part time employee. Staff are highly competent and multi-task. The business can also call upon a pool of additional labour as and when required.

Advertising and Marketing:

Full details of the businesses advertising and marketing will be provided to the purchaser within the handover.

Premises:

The company currently operates from an ideal leasehold storage premises with alarm system and camera recording facility, however the business could easily be relocated if needs be.

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties.

A superb opportunity exists to build on the unsurpassed reputation of this thriving business. The company has such a level of equipment that it could easily accommodate significant growth within its current infrastructure. It also has a healthy forward order book which should ensure ongoing prosperity to the new owners.

The business is being marketed for sale on a cash free debt free basis. The asking price is excluding the equipment which can be purchased, part-purchased or excluded from the sale.

Reason for Sale:

Personal reasons.

Support and Training:

The owners are very keen to assist with full hand over and training to ensure a smooth transition of the business to its new owners.

Asking Price:

The Asking Price is for the Goodwill and Plant & Equipment of the business.