Staging Lighting & Pa System Company | | Undisclosed Suffolk | | Staging, Lighting & PA System Company Ref.CN043 Location Suffolk, fully RelocatableAsking Price £445,000 | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 30380
ADVERT IMPRESSIONS : 58,576 TIME(S) | | | | BUSINESS SECTOR: | Services | | TRADE TYPE: | Other | | SALE: | Agent Sale | LEASEHOLD: | £445,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
Turner Butler are delighted to be appointed as sole selling agents for this exciting business opportunity which has never been brought to the market for sale before.
This opportunity will appeal to either an entrepreneur with parallel business interests in show business or perhaps a commercial entity in a similar or parallel field of operations, looking to expand.
This company has been dynamically driven by its Managing Director since its inception in 1993. Throughout this time the Managing Director’s business model has been based on delivering almost unbeatable value – on time! His vision for the future of the company has been one of re-investment from day one, which leads to a situation today where the company owns a massive inventory of equipment and staging etc.
The company offers bespoke solutions for many and varied indoor and outdoor events, including:-
• Concerts and Live Tours
• Product Launches and Promotions
• Fashion Shows and Stage Hire
• Corporate and Private Hire
• Theatrical and Live Performances
• Varying Stage Designs and Special Effects
The daily operations of the company revolve around this inventory being easily managed by way of picking lists to match the varying formats that the company makes available for selection to their clients. The company has established itself well during its 18+ year history, but offers many opportunities for expansion and extra profitability.
The company is turnkey ready and operates from a customized industrial unit. The freehold of this unit is held by the Managing Director and could be bought by separate negotiation if required, although in essence, this business could be relocated anywhere to suit the new owner.
Equipment:
As previously mentioned, the company owns and maintains an extremely extensive inventory of staging in varous sizes and guises, lighting and all the sundry items necessary for the company to function on a fast response basis, as well as maximising profitability through ownership.
The current inventory is believed to have a net asset value of circa £300,000
Customer Service:
Having been established for 18+ years, the business has built a solid business platform from its reputation, which has developed out largely from recommendations and third party referrals.
Key Strengths:
The key strength of this business must surely be the reputation for delivery of staging event solutions in a price and time sensitive manner, ensuring their customers complete satisfaction for a well staged event.
Key Opportunities:
The key opportunity here, apart from the business operating in what will be seen by many as an attractive business sector, has to be sustainability. This sector is still growing, even though many sectors are experiencing the reverse in our current economic climate. Demand for the type of services offered by this company has consistently grown over the last several years, and shows no sign or reason for diminishing in the future.
Employees:
The company currently only employs the Managing Director on a full time basis. It does, however, use the services of up to 18 tried and trusted subcontractors at their events.
Advertising and Marketing:
The company has never felt the need for traditional, expensive and hard to measure advertising and marketing programmes, opting instead for the development and maintenance of two well visited Internet websites.
Premises:
The company currently operates from a commercial warehouse which has been upgraded to suit the needs of the business (including Kitchen and Shower Room). The freehold of the building is held by the Managing Director and could be purchased as part of a total package, if required, by the new owner.
On the other hand, if the freehold is not required but the premises are, the owner will negotiate a mutually agreeable new lease for rental. However, we feel that the new owner may wish to relocate this business to a location of their choice.
Business Hours:
As necessary
Security:
The current premises benefit from the fitment of a REDCARE monitored Alarm system and CCTV coverage.
Financial Information:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
Turnover circa: £ 285,000
Net Profit circa: £ 80,000
Reason for Sale:
The owner now wishes to sell the business to enable him to meet his family commitments.
Support and Training
Full support and any necessary training will be provided during handover as part of a successful sale package.
| | | | | | FOR SALE | | | | | REFERENCE: | CN043 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
