This is a unique opportunity to purchase a long established and profitable marquee hire and event management business.
It was founded in the early 90's by the current owners and is conveniently based in the Midlands covering Bedfordshire, Buckinghamshire, Warwickshire, Northamptonshire, Leicestershire, Cambridgeshire, Rutland the affluent Hertfordshire area, Oxfordshire and Milton Keynes and all the surrounding East Midlands areas. It is located in a leased rural industrial unit with plenty of parking and storage space, with quick access to the Midlands motorway network. The business could be easily relocated to other premises if required.
The business provides frame marquees, furniture and associated outdoor event equipment for weddings, parties, sporting events and venues and corporate events and the owners have built up an outstanding reputation for excellent customer service, using luxury marquees for high class events.
Turnover is in excess of £500,000 per annum with regular contracts and repeat business generating future bookings for 2018 of over £200,000 already. There are lots of venue and caterer’s recommendations in place including regular repeat business at local wedding venues, golf courses, equestrian sporting events, racing venues, and corporate clients. All regularly re-book each year and provide a guaranteed future income for any new owner.
The business maintains several websites ranked highly by Google in the organic search results, generating high levels of enquiries and avoiding the need for significant advertising spend.
The business is very well equipped, with a large stock of modern clearspan frame marquees, complete with wooden interlocking floors, interior linings, electrics, lighting, LED uplighters, glitter balls, various dance floors, tables and chairs. All the tools, fixings and erecting equipment have been well maintained and are included in the sale, as are a van, racking, mezzanine flooring and a forklift truck. The business also has operator’s licence for two vehicles.
This opportunity would suit a new owner seeking a profitable and well-equipped marquee and event management company, with significant growth potential, or as a bolt-on to a larger organisation.
The guide price for assets and goodwill is £249,500, to include fixed assets with a market value of c. £175,000. The current owner will work alongside the new owner during the transition period to ensure a smooth take over and make the introductions to existing clients and contacts.