Marquee Hire Companies for sale in Oxfordshire

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Y. MacGregor (Nov 2017)
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Asking price: £19,995 Price Reduced Annual Turnover: £147,000 Annual Net Profit: £30,000
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Business Description
Location
We are pleased to place onto the market this very successful and well run company. The 3 directors have operated the business from a home office and a storage barn based in Oxfordshire. The Company can be re-located to anywhere in the country as they have a national client base and even undertake work abroad.

Business Details
This Business was established in 2000 and the Managing Director has decided that he would like a lifestyle change and is now looking for an exit strategy. The other 2 directors do not take an active part in the day to day activities of the business. Up to 6 regular casual staff are used as and when required as well as the hands on director working full time. He does have some part time administrative assistance and undertakes the daily tasks of sales and marketing, seeing clients and planning as well as on site set up/ execution.

The Company provides marquees hire for parties, and all types of private and corporate events. The website is: http://www.justrightmarquees.co.uk/
To quote from their website,

“Our state of the art, design led marquees look amazing, but are also backed up with traditional unparalleled customer service, precise planning, reliability and care from Oxfordshire’s number one supplier of modular marquee structures.”

They provide 3 types of marquees and are therefore able to produce modular designs for any type of event. More details about the marquees and the service provided are available in this video: https://youtu.be/Z3gydBoH5Z4

There are several ongoing accounts which reflect around 40% of turnover. The remaining new/one off clients are found through a very well organised marketing structure including an excellent website, facebook, a good SEO campaign and advertising in wedding directories. Although there is strong competition, the modular designs definitely give the Company an edge over its competitor’s. This has led to a strong corporate and private client base.

The owner would consider an earn out, or a staggered payment deal with at least 50% of the payment for the business upon completion. He is able to offer an extensive training programme, including both product knowledge and for the carrying out of the work. Further the Owner is happy to provide a consultancy period thereafter to ensure the future success of the business. He is also happy to help draw up a strategy and marketing plan for any purchaser.

Trading Hours
Various

Financial Details
The annual recorded turnover is around £147,000 with an EBITDA of around £30,000 pa. There are also 3 vans with the business which are valued at around £20,000 and all the equipment, which new would cost in the region of £150,000. The current assets value is £35,000.

Property Details
The business is fully re locatable and is presently operated from home, with a storage barn for equipment.

Tenure
The business is fully re locatable.

Ref: 13288
Price: £19,995 plus assets

Disclaimer
These details do not constitute part of an offer or contract. The statements and descriptions given are made without warranties by Enthuse Transformations Ltd (Trading as ETS Corporate). The information contained herein has not been verified by Enthuse Transformations Ltd; complaints regarding the accuracy of the information contained herein will not be acknowledged. Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations, figures and information given on behalf of the seller. Furthermore, any representations made by any representative of Enthuse Transformations Ltd regarding this business are subject to verification and should be independently corroborated.
Trading Hours:
Various

Number of Employees: 6 casual

Competition:
Although there is strong competition, the modular designs definitely give the Company an edge over its competitor’s. This has led to a strong corporate and private client base.

Support & Training:
The Owner is available for a training and handover period, as well as ongoing consultancy if required.

Tenure Information:
The business is fully re locatable to anywhere in the country

Is this business relocatable: Yes

Listed by: ETS Corporate

Find out more about this business opportunity.

 
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13288
Seller Reference:
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