Popular Event Hire Business with Extensie Stock List of Tableware, Cuttlery, Glassware, Catering & Banqueting Equipment
Excellent profitability, increasing annually over 65k EBITDA and net profit of 61k
Full assets included, business ready to earn, excellent repeat client list
Ideal lifestyle opportunity, start-up business or bolt on acquisition, viewing recommended
Ref: 45956. Specialist upper end event hire company specialising in all auxiliary aspects of event hire. Major corporate repeat clients and excellent working reputationTurnover consistently in the order of 100k with a very profitable EBITDA of 65k.
An excellent opportunity to acquire the independent Cudmore Event Hire company, based in Bridport, Dorset. The business operates at the high end of event hire and offers all the add-ons required, except the marquee itself.
The busines was started from scratch 14 years ago, the vendors have built up their excellent reputation, along with excellent profits and are considered by many as the number 1 in their field. Specialising in the hire of equipment for the wedding industry, corporate events, funerals and general high society and blue-chip clients.
An impressive list of clients and repeat business is down to their excellent standards and customer service. They have provided services for the royal family, famous footballers, actors and celebrities, offering out their ranges of fine bone china, glassware, linens, kitchen equipment and bar equipment, (full list available upon viewing). The business has an extensive partner portfolio including caterers, venues and marque companies.
For full details of their products and services see their website at www.cudmorehire.co.uk
The business and vendors have excellent working relationships with other companies offering similar services, indeed they often work together, supplying goods if one company does not have what is required and vice-versa.
The vendors have a young family which also takes up their time and this forms the main reason for sale. They have reached a point where they are comfortable and realise that they, themselves are holding the company back and are now choosing which jobs they want to do and which they pass on. This offers the potential dedicated purchaser the golden opportunity to invest and grow the business to the next level.
There is no shortage of work here and the business also represents an ideal bolt on acquisition to an existing operator wanting to expand.
The business will be sold with all current assets and offered either leasehold, or the opportunity exists to relocate the
Summary. It is anticipated that this sale will be by way of an Asset sale. The sale price quoted above is based on the assumption that:
On or before completion, the vendor will have withdrawn all cash from the company and paid off all bank debts and any money owed to the Inland Revenue, the quoted sale price does not include the stock in the business, the value of which, following a stock-take, will be added to the agreed sale price.
This is an excellent opportunity to acquire a potential lifestyle business in a beautiful area, a business in a box with an excellent reputation and a pipeline of business. In addition, the business offers an excellent opportunity for a current business to expand or for a national company to take hold of such a good business. Early viewing is essential to avoid disappointment.
Is accommodation included?: