This represents an excellent opportunity to acquire an easily relocated, dynamic and sociable lifestyle business with time outdoors and with significant opportunity to develop further.
An established events company, the business predominantly provides pop-up indoor & outdoor cinema experiences to corporate, hospitality and private clients. As it has grown, it has increasingly secured repeat business from hotels, festival organisers and other leisure venues, in turn funding investment in further equipment. The company also organises its own public events and is able to generate ticket and food & beverage revenue.
As the business has invested in equipment, it has expanded its range of services and is now able to host open air cinema events from 10-2,000 guests as well as indoor cinema and drive-in cinema events. They also have a separate revenue stream for furniture hire.
The business is currently run by the two owners with support from freelance contractors. The owners operate the business remotely, while renting a storage facility for the equipment. Overheads are thus kept low and the business is easily relocatable.
Enjoying a strong social media following and an increasing number of repeat bookings means the brand continues to strengthen, resulting in minimal advertising spend. Future bookings are often secured several months in advance and a 50% deposit ensures that cashflow is strongly positive.
While Covid-19 has impacted revenue in the short-term, the medium to long term outlook is very positive, both in terms of pent-up demand to re-schedule postponed events in addition to the normal future bookings. There is also a growing attractiveness for outdoor events due to the increased flexibility in social distancing and fresh air.
The guide price for 100% shares is an attractive £95,000 as the vendors are keen to progress a sale quickly. The business will be transferred including a Balance Sheet with a net asset value expected to be c £40,000.
Is this business relocatable:
Is this business home based: