Events Businesses for sale in Telford

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Global Supplier of AV, LED, Gaming and VR Equipment

Telford, Shropshire, England

  • Leasehold Price: £200,000  Price Reduced arrow_drop_down
  • Turnover: £644,150
  • Gross Profit: £350,482
Seller Reference: B05854
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Business Description
 
 
 
 
 
 
 
 
 
 
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Seller Reference: B05854
Request Details
Business Description
Business
Please Quote Reference B05854

Hilton Smythe are pleased to have been given the opportunity to manage the sale of Blue Hire Limited which is a well established Supplier of AV, LED, Gaming and VR equipment with   a renowned reputation nationally.  This is a superb opportunity to take on a high turnover business which is growing at an unrivalled and impressive pace.

Blue Hire Limited was founded by the current owner when he identified a gap in the market in 2015 and the business has been a real labour of love for him, flourishing since inception with many customers and a burgeoning reputation.

Alas, the business is now being sold, albeit reluctantly and with a heavy heart only due to poor health. The vendor is keen to see his beloved specialist hire company pass to an ambitious and entrepreneurial new owner (s) who can take this already thriving business to the next level.

Blue Hire Limited are a team of truly enthusiastic event specialists and they hold a wide range of stock to cater for many types of event.

Blue Hire Limited is a fast growing Virtual Reality and Technology Hire Company. The business works with exciting new technology to deliver unforgettable experiences.

Blue Hire Limited supply’s equipment rental and install/ production services.

The business currently provides video, audio, lighting, gaming and wedding equipment for events such as conferences, exhibitions, gaming events, corporate parties and weddings. The business holds large quantities of TV screens, LED video walls, event furniture, staging, lighting, gaming equipment and wedding props.

Blue Hire Limited rents the following equipment:


  • Virtual Reality Equipment

  • Racing Simulators

  • LED Video Walls

  • Touch Screens

  • TV Screens

  • IT Equipment

  • Audio Equipment

  • Lighting

  • Robots


Blue Hire Limited’s customers include:


  • Blue Chip Corporations

  • Exhibition stand builders

  • Event Agencies

  • Content developers.


Blue Hire Limited operates globally and has delivered events in countries such as USA, Columbia, Switzerland, Germany, France, Spain, Portugal and Netherlands.

The sale will include the company website and Facebook page and other social media platforms and the business enjoys great visibility on the internet.

Scope to Improve


  • Advertising and marketing campaign

  • Streamline the operation internally

  • Employ a Business Development Manager (BDM) to canvass for additional orders

  • Sell under utilised units


Reasons to buy


  • A well established business with an enviable reputation and many existing customers

  • The sale will include a database of over 4000 companies and contacts

  • Ideal bolt on to an existing hire company

  • Growing at a really impressive rate with sales to date (May2016 to March 2020) in excess of £2million

  • Current owner happy to offer a handover to ensure the continued success

  • The events market is a rapidly growing industry offering loads of growth potential.


Hilton Smythe highly advise early viewing to avoid disappointment.

This great business is likely to attract considerable interest. 

For Further Information please contact Hilton Smythe quoting reference B05854

Location
Blue Hire Limited is located in Telford

Telford is a large new town in the borough of Telford and Wrekin and ceremonial county of Shropshire about 13 miles east of Shrewsbury and 30 miles north west of Birmingham. With an estimated population (for the borough) of 175,271 in 2017 and around 155,000 in Telford itself. Telford is the largest town in Shropshire and one of the fastest growing towns in the United Kingdom.

Telford is situated at the terminus of the M54 motorway, a spur of the M6 linking the town with Wolverhampton and the West Midlands, and on the A5 road between Shrewsbury and Cannock.

The business is ideally located on a modern, busy and well used industrial estate. The business sits alongside other complimentary businesses and is immaculately presented with clear visible signage.

There is free off street parking immediately outside the premises.

Premises
Blue Hire Limited occupies immaculate, generous premises and briefly comprises;

Board Room.

With windows to front and rear, carpeted flooring, long board table with 6 high backed gaming chairs, wall mounted TV.

Ground Floor Offices

Sales offices, generously proportioned with ample room for desks, chairs, filing cabinets etc.

Warehouse

Generous warehouse with high pitched ceilings, roller door to front, concrete painted floors, bespoke racking for storage of TV’s LED Walls and flight cases etc. Floor storage space

Store Rooms

There are two good sized store rooms on the ground floor.

Mezzanine

There is a first floor mezzanine accessed by a wide stair case from the warehouse comprising:

WC

There are Male and female WC’s each with closed coupled toilet and hand wash basins.

Kitchen / Staffroom

Range of base and wall units with complimentary worktop, stainless steel sink and drainer and water heater, space for fridge, ample room for tables and chairs

Office 1

With windows to warehouse, carpeted, fluorescent lighting

Office 2

Currently used for IT storage, windows to warehouse, carpeted, fluorescent lighting

Storeroom

Generous store room, carpeted, Dexion type shelving.

Tenure
We are advised that Blue Hire Limited being sold as a leasehold business opportunity although it also lends itself as a relocatable business opportunity.

The existing lease has approximately 2 years remaining and we are advised that the landlord would be happy to negotiate a mutually acceptable lease with a new owner.

The current rent is £21,000 per annum which is really reasonable given the size and location of the premises.

The business rates payable are approximately £8640 per annum.

Hours
Office

Monday to Friday 09.00 – 17.00

Staff
The business is run and managed by our client with the help of 7 full time members of staff.

Financial Profile
Blue Hire Limited generates an advised current turnover of circa £645,000 per annum as of the 2019 accounts with a gross profit of approximately 54% and an adjusted net profit of circa £217,000.

The business continues to grow at a really impressive pace.

Tenure:
Leasehold
Listed by:
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