This represents an excellent opportunity to acquire an easily relocated, dynamic and sociable lifestyle business, away from the 9-5 treadmill, with time outdoors and with significant opportunity to develop further.
An outdoor events company, the business predominantly provides outdoor cinema experiences to corporate 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 and tent hire.
The business is run solely by the two owners who engage casual or freelancers when required. The owners operate the business from home, 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.
Excepting for Covid-19, revenues for the business have continued to grow year over year with a corresponding increase in profitability and returns for the owners.
The guide price for 100% shares is £149,500, to include the transfer of a Balance Sheet with a net asset value expected to be c £35,000.
Is this business relocatable:
Is this business home based: