Marquee Hire and Event Planning Company
High End Supply
Location : Cheshire
Asking Price : £295,000 (inc. stock)
Turnover : £260,000
Net Profit : Undeclared
Gross Profit : Undeclared
EBITDA : £63,000
Net Asset : £110,000
Premises : Leasehold
Confidentially offered for sale
Current Turnover circa £260,000 p.a.
Adjusted EBITDA (pre director drawings) circa £63,000 p.a.
Net Assets/Stock circa £110,000 ( advised replacement value circa £350,000)
Highly valuable website/domain and internet presence
Over 25 years successful trading
Forward Order Book
High levels of repeat business (70+%)
All plant and equipment
Established some 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 of choice (wooden, carpet, etc.), tables, banquet chairs, lighting, heating , podiums and dance floors.
They offer high end 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 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. The company has a good range of clients both commercial and domestic.
The company cater for all events, from 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 has a large array of themes and accessories available to choose from. These accessories enable them to offer tailor made events with accessories to match.
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 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 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 another event.
The company offers (and has a reputation for) quality products, efficient service and competitive transparent pricing. This philosophy has resulted in the continued growth of the company as a major force in the marquee industry in the North West.
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.
Marquees, frameworks and tents are from worldwide market leaders and are part of an ongoing equipment update/maintenance program. Marquees are no longer seasonal, they can be used in all seasons, with heating and cooling solutions optional. All can be supplied with or without a wide range of furniture and accessories.
Total book value of equipment is circa £110,000. However the vendor advises it would probably cost circa £350,000 to replace current stock which is impeccably maintained and stored.
All equipment is included within the asking price.
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.
This company’s strength is founded mainly on its consistence of retaining a high level of repeat business, and of being able to offer individual events designed specifically for the many individual clients and being very quick to respond to their needs or changes as they occur. It also has a dominant internet presence and receives a large amount of new work via this route.
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.
• Huge breadth and depth of high quality stock – capability to service several events simultaneously.
• Highly profitable and NOT owner dependent
• Strong forward order book stretching up to one year ahead.
• Excellent reputation for very high levels of personal, friendly and professional customer service.
• Substantial growth and expansion opportunities.
There is further opportunity to expand the client database of this company and implementing a new sales and marketing strategy could achieve excellent additional growth.
The business provides an acquirer with the following:
• Ideal bolt on for a company already operating in the marquee, catering equipment 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, exploit 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.
A new owner contributing fresh ideas and outside influence to build on this excellent base while further assertive marketing would expose the business to a wider market and higher revenues. The current stock, which is in excellent condition and well maintained, could adequately cope with this additional expansion and therefore little additional capital outlay is required.
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 under the auspices of Turner Butler.
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.
Current turnover is circa £260,000 per annum. Adjustd EBITDA (pre director drawings) circa £63,000 p.a. The director only works part time in the business.
There are fixed assets with a book value of approx. £110,000 included within the sale , not to mention a highly valuable website. In reality we are advised the marquee stock alone is worth considerably more than this!
The business is being marketed for sale on a cash free debt free basis.
The Asking Price is for 100% of the issued share capital of the business and is based on a cash free debt free scenario. Asking Price includes Fixed Assets circa £110,000 ( made up of marquee stock, equipment, vehicles etc.).
The valuable domain name is available for sale by separate negotiation.
The internet (google) is the main source of marketing with the company exploiting both google Organic results and SEO/Pay Per Click marketing to maximise its highly valuable website domain. The company also features in a number of other smaller publications too.
In addition to this the company benefits from exceptional levels of referrals and repeat business.
The company currently operates from ideal leasehold storage premises with alarm system and camera recording facility. Rent is circa £5000 p.a. Rates n/a. Business could easily be relocated if need be.
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.
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 straightforward as the curent staff can and do run the business. The vendor only works part time.
If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at firstname.lastname@example.orgTurner Butler Disclosure Statement
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