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BUSINESS REFERENCE : AO029 / RightBiz QUALITY MARQUEE & EQUIPMENT HIRE | | | | | | Quality Marquee & Equipment Hire Confidentially offered for sale Ref No: AO029 Location: Fully Re-Locatable Business currently Thames Valley Area, Berkshire Asking price: £249,500 | | | BUSINESS LOCATION: | Undisclosed Berkshire UNITED KINGDOM | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Other | | SELLER: | Agent Sale | LEASEHOLD: | £249500 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
First established in 1994 the current owner purchased the business in 2001 as a lucrative business opportunity providing high profits. This has increased over the time and has led the owner into various other business opportunities, some of which are in line with his sport interests and he has decided to move into these different market areas, full time.
This Company has seen its profile, business and turnover rise exponentially over the last few years, where it is now in the enviable situation of actually turning work down, ensuring it selects the most lucrative and prestigious contracts. Currently there are forward bookings of approx. 150, a figure that is growing constantly.
The company gives each customer a high level of personal and reliable customer service, from the first phone call to the final clearing of site. Through the office and site visit program, the customer’s needs are established and the correct range of hire services and structures are offered. With erections taking place for events as varied as shows, product launches, outside events, VIP hospitality and weddings the company can tap in to its vast knowledge of previous events to quote a package ideally suited to their needs. Many of the customers are attracted to the company by recommendation or seeing one of the company’s marquees at another event.
The enviable reputation has been created by the continual erection of quality marquees combined with a reliable and flexible service. This, as stated before results in recommendations passed from existing customers to future customers.
The company offers (and has a reputation for) quality products, efficient service and competitive pricing. This philosophy has resulted in the continued growth of the company in to a major force in the marquee industry.
Each marquee can be available with:
· Linings
· Starlight
· Dance Floors and Solid Floors
· Tables and Chairs
· Lighting
· Doors and Windows
· Heating Systems
· Toilets
· Generators
Key Strengths:
The owner has created a tremendous reputation in this exciting market; the strengths of this company include its expansive knowledge, and expertise. The business is well respected for its honest, reliable and friendly approach, which has created a strong client base.
This company’s strength is founded mainly on its consistence of retaining a high level of repeat business, and of being able to offer individual events designed specifically for the many individual clients and being very quick to respond to their needs or changes as they occur.
Having excellent working relationships with the clients and a solid client base, the business offers a professional personal and friendly service.
Key Opportunities:
There is further opportunity to expand the client database of this company and implementing a new sales strategy and marketing strategy could achieve excellent growth.
A new owner would contribute fresh ideas and outside influence to build on an excellent base while further assertive marketing, would expose the business to a wider market and higher revenues. The current stock could adequately cope with this expansion and therefore little capital outlay is required.
There is also a superb opportunity to expand into related areas, for example event management, catering, entertainment etc and to acquire and hire their own furniture, linen, crockery and cutlery etc.
Advertising and Marketing:
An immense opportunity exists to build on the unsurpassed reputation of this thriving business, and implement further more assertive methods of advertising to expose the business to even greater markets. Various methods could be used in this regard, including trade press, direct mail and personal introductions.
Most of the businesses past revenue and continued growth have been as a result of repeat business, word of mouth recommendations and some yellow pages advertising. This offers great scope to a buyer with a greater knowledge of advertising and marketing to rapidly increase the turnover and profitability of the company, thus easily taking it to the next level of growth.
The company does not have a web presence and there is no doubt that turnover and profits could increase exponentially using this additional powerful medium.
Equipment:
Sectional marquees of 3, 6, 9, 12 metres wide which can be added to any length required with windows and doors fitted where desired. Flooring, lighting etc are also included.
Premises:
Working from home or any convenient premises means this is a truly portable turnkey operation.
Employees:
In addition to the owner who works his own hours there are two full time erectors employed by the company.
Business Hours:
Working from home as the current owner does means he is able to work the hours best suited to him almost on a daily basis.
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.
An immense opportunity exists to build on the unsurpassed reputation of this thriving business, and implement further more assertive methods of advertising to expose the business to even greater markets.
Current turnover is approx. £220,000 per annum with gross profits of approx. £160,000 producing good net profits. There are also assets to the value of approx. £140,000.
Reason for Sale:
Our client is extremely busy and lacks the time to market the business to its full potential, he wishes to devote more time to his sporting interests and follow up various business opportunities that have arisen in this field.
Support and Training:
The owner is happy to assist with full hand over and training to ensure a smooth transition of the business to its new owners, though it is anticipated that this would not involve any significant time commitment as the job of erecting a marquee is relatively simple and training can be undertaken in a short period of time | | | | | CONTACT: | TURNER BUTLER | | TELEPHONE: | 01895 25 6000 | | REFERENCE: | AO029 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
