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Events Venue Dressing Franchise In Lancashire

Moffat, Dumfries and Galloway, Scotland

  • Leasehold Price: £39,995  Price Reduced arrow_drop_down
  • Annual Turnover: £89,812
  • Annual Gross Profit: £70,000
  • Annual Net Profit: £40,000
Seller Reference: 6485
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Business Description
 
 
 
 
 
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Seller Reference: 6485
Request Details
Business Description
Relocatable - Run From Home Opportunity
Latest Accounts To £31st March 2018
Projected Annual Turnover for 2019 £89,812
Projected Gross Profit for 2019 £70,000
Accounts Available After Viewing
Established Franchise Opportunity
Low Overheads
Large and Loyal Customer Base
Working Hours Set To Suit Owner
200+ Advanced Bookings For This Year
Handover Period Offered
Strong Online Following
REF 6485 – Relocatable Events Venue Dressing Franchise

Blacks Brokers are pleased to bring to the market this relocatable events venue dressing franchise operating within the North West which is currently based in Preston, Lancashire.

INTRODUCTION

The business has been trading since 2011 when our client established the business to meet local demand for event dressing in the Lancashire area. Since then, the business has grown year on year, gaining a large customer base and travelling further afield to provide this service in surrounding areas including postcode areas BB, FY and PR. This superb franchise provides venue dressing services for weddings and other events. Services include chair cover rental, chiavari chair hire, fairy light backdrops and other much more. The business is relocatable and can be easily run from home. There sale includes all stock and equipment which we are advised is worth in the region of £30,000. This includes backdrop fairy lights, seat chair covers, sashes, postbox, 105 chairs, table runners, table linen, napkins, aisle carpet and more. Our client also includes a fully automated website for the whole franchise, which has won awards. The business also has a strong following on social media including Facebook, Twitter and Instagram. The business has a superb reputation and a large customer base with much work generated by word of mouth recommendations.

LOCATION

The franchise is currently based in Preston Lancashire and covers the BB, FY, and PR postcodes as mentioned above. The business is relocatable and can be easily run from home. A new owner will require storage for above mentioned items and transportation.

REASON FOR SALE

This opportunity is available due to our clients other business interests.

BUSINESS INFORMATION

The business specialises in providing luxury table linen, chair covers and other venue dressing items for weddings, special celebrations and corporate events. Bookings either come from the wedding venues which our client has built excellent working relationships with, or directly through brides and grooms and an array of corporate clients. Franchisees are also sent qualified, territory-specific private enquiries via the award winning website, which runs alongside well built up social media sites.

There are no specific opening hours, which makes the business model incredibly flexible. Deposits are taken upon booking, making it a business that operates and pays all year round.

The franchise was set up in 2011 and has achieved year on year growth ever since. Over the last two years the business has grown substantially and in 2017/2018 it achieved over 50% growth on the previous years turnover and is on target to exceed 2017/2018 turnover in 2018/2019. The flexible franchise model operates within a defined geographical territory with plenty of scope for growth in the future, on top of the existing business. The franchise is for the Lancashire territory, which has been running out of a commercial unit for the two years but up until that point was run from home and the flexibility to do so again is still there.

FINANCIAL DETAILS

This business has traded solidly since opening. We are advised that the projected annual turnover for 2019 is £89,812 with a projected gross profit in the region of £70,000 and a net profit in the region of £40,000. Full financial details are available upon viewing. The franchise royalty fees are 8% per month.

STAFF

The business is currently operated by our client working on a full time basis, supported by two members of part time staff.

SUMMARY

The business has an impressive history which includes a substantial turnover under fair franchise terms with further growth anticipated and high retained profits. There are possibilities to expand the business by working with more hotels within the area and carrying out further advertising. We are advised that stock is valued at £30,000. A full handover will be provided.
Trading hours:
As and when required
Tenure:
Leasehold
Location Details:
Preston
Listed by:
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