Equipment Hire for sale

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Leases equipment & vehicles to the touring music industry

  • Leasehold Price: Offers Invited
Seller Reference: HIR018
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Business Description
Leases equipment & vehicles to the touring music industry
Seller Reference: HIR018
Request Details
Business Description
Supplier of rental equipment, services and vehicles to the touring music industry. This includes: "Backline" musical instruments, stage equipment, self-drive minibuses, storage cases, bespoke flight cases, sound equipment and tour consumables.

· Existing client list represents over 15,000 contacts, including world renowned performers and c85% of custom is repeat business.
· Boasts a strong balance sheet with high value operating assets.
· One of the largest suppliers in the UK of tour rental equipment.
· The majority of sales are generated from a high volume of clients including record companies, media groups and directly from bands themselves.
· Experienced staff and management personnel.
· Diverse service and product portfolio.
· Differentiates itself from its competition through its tailored service offerings, quality of service and its short lead times
· Sales reduced in 2014 due to the natural fluctuation within the
industry. Fluctuations in gross profit are attributed to the investment in
growing the fleet of vehicles.

Location: UK

Sales: £1.6m / Adj. EBITDA: £290k
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