Home Based (Other) for sale in East Yorkshire

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Businesses run from home

East Yorkshire, England

  • Freehold Price: £45,000
  • Annual Turnover: £50,809
Seller Reference: 585014
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Business Description
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Seller Reference: 585014
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Business Description

Although only established in 2015, this tent hire company has established itself as one of the largest special event tent hire companies in Yorkshire. The business includes a comprehensive inventory of tents, spares equipment and decorative accessories, as well as purposely furnished emperor tent which acts as a large dressing and vanity facility in support of the tent residing guests. Annual Turnover £50,809. The sale includes a unique mobile luxury shower unit containing two showers which has been bespoke built and converted from a horsebox! The horsebox mobile shower is hugely sought after and represents huge potential to operate as a separate business, as it is regularly hired out - at £495 per weekend rental, plus per mile delivery and collection rates. The business is being sold with a vibrant and easy to navigate website, a bespoke planning spreadsheet that supports business planning, staffing and travel costings, all associated administrative paperwork including client contracts, flyers etc, and a folder of recently taken professional images of the tents and showers. A number of bookings have already been taken for 2020 and many more are expected over the coming months as the volume of enquiries is high. The business generally undertakes bookings for weddings and events between 1st May and 30th September. The owner has recently completed her PhD and has now been offered a dream appointment in her field of expertise and subsequently will now not have the time to dedicate to the running and developing of the business. It is for this reason alone that the business now comes to the open market for energetic and ambitious new owners to take it to the next level and add on to the guaranteed bookings already on the calendar. The business is currently run from home plus a storage facility in East Yorkshire where the tents and equipment are stored. The business currently operates over a logistically convenient territory, covering North & East Yorkshire and parts of West Yorkshire and North Lincolnshire. There is huge scope here to extend the operating radius of the business and seek new venues in which to provide tent hire for weddings. The storage facility currently being utilised by the business is rented on a non-formal agreement at £173 per calendar month and this arrangement may continue subject to agreement with the landowner. Other than taking telephone and internet enquiries and bookings as they come in, there are no set business hours. The current owner works an average of 2-3 hours per week out of season. During the season, the hours depend on how many staff are brought in to support erection of the tents. Every April, approximately 8-10 temporary members of staff are employed to work flexibly during the season. Many of these employees are happy to return each season. Accounts to the 31st October 2019 show turnover of £43,642 with a sensational gross profit of £41,256 or 94.5% and Adjusted Net Profit of £22,403 after operating expenses. Due to the owners academic and career commitments the business is run on a very low key basis. A full and comprehensive inventory list is available to parties who have registered an interest.
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