Wedding Services for sale in Leeds

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Colin Morley (October 2016)
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Asking price: £125,000 Turnover: £73,000
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Business Description
BUSINESS
Leasehold option available.

Hilton Smythe welcomes to the market the successful national event lighting business Marvellous Glow Limited.

This niche business provides and hires giant light up letters and numbers, festoon and fairy lights for events and celebrations on a national basis.

Our client started the business in 2016, growth has been phenomenal in this short time. There is no reason not to expect further growth to continue at the same or even increased rate as it develops generically or with additional marketing campaigns. Therefore, this is an ideal time for a buyer to purchase and to take advantage of the continuing growth and massive potential.

The customer base and supporting database is already large and growing on a weekly basis.

Customers range from private individuals to big corporates such as Esquire magazine, You Tube and others, with a large percentage returning.

It is a recommended supplier by many social venues.
Enquiries are running at over 30 per day with bookings all year round up to 2019.
The business has over 500 photos in its library.
It has a vibrant presence on social media with 6,000 fans on Facebook and 8,500 followers on Instagram.
It enjoys 5 star ratings and is ranked in the top 4 on Google.
Its website and branding are of a very high quality.
It runs an online booking system supported by booking software, which enables the business to be run and bookings taken on a national basis.
Refer to website www.lightuplettershire.com
The business is fully relocatable.
Our client is reluctantly selling to pursue other interests.

This is a good opportunity for another business within the event industry or a buyer looking for a profitable and fast-growing business to purchase and develop even further.

LOCATION
The business is presently run from a business unit in Leeds but is regarded as fully relocatable on a national basis and is marketed as such.

The unit would be available if required. The premise is currently set in Leeds, West Yorkshire in a prime trading location.

PREMISES
This is a business presently run from a 2 storey industrial unit in Leeds. It is anticipated that the unit will not be required by the purchaser but if it is, full details will be supplied.

The sale includes the following equipment:

75 x 4ft letters, lights and symbols
30 x 40cm letters, lights and symbols
500 metres of festoon lighting
500 metres of fairy lights
100 poles for festoon lighting
Extension and power leads
500 + lightbulbs
2 computers
Disco balls, disco lighting and misc.

This stock is growing monthly. The owner values the present stock in excess of £20,000.

TENURE
If required the unit is held on a 2-year lease with a rent of £700 per month.

HOURS
The business runs on a 24-hour basis.

STAFF
The business is run by the owner himself with the help of 3-part time drivers.

The wage bill is £700 per week.

FINANCIAL PROFILE
We are advised that current anticipated turnover will grow to approximately £120,000 per annum.

In the year 2016/17 turnover was £73,000 and net profit £30,000.

EXTRA NOTES
A superb niche business.

Fully relocatable and easily run.
Listed by: Hilton Smythe
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