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Online Discount Wedding Package Provider

Undisclosed, Relocatable
Asking Price:
£99,000
Status
FOR SALE
Advert ID
249847
Reference
CQ216 / Rightbiz

Online Discount Wedding Package Provider
Ref. CQ216
Location : Essex(Fully Relocatable)
Asking Price : £99,000

The company offers discounts of up to 60% in top wedding venues throughout the country. Their wide-ranging web site promotes a simple quotation system and encourages visitors to select a package. It prompts the booking and qualifies all enquiries. Their cross referencing venue service is very efficient and can save couples considerable time.

Customer Service:

Customer service is paramount. This is borne out by the onsite positive customer feedback.

Key Strengths:

They currently attract 200 or more monthly enquiries and are already substantially forward booked for 2021.

Financial Performance:

Turnover c. £205,000

Gross profit c. £165,000

Adjusted net profit c. £89,000 (assuming the incoming purchaser takes over the day to day running)

100% of the issued share capital of the company is being offered for sale on a going concern basis. All financial discussions will take place between the vendor and all interested parties under the auspices of Turner Butler.

Asking Price:

The asking price of £99,000 is for 100% of the issued share capital of the company. Assuming net assets of £5,000 on completion (calculated on a zero cash-zero debt basis)

Advertising and Marketing:

The current pay-per-click spend is £40,000 per annum.

Growth and Expansion:

The business currently enjoys 200 monthly enquiries. This is directly proportionate to the pay-per-click spend. An increase in spend should result in an increase in enquiries.

Premises:

This business should be relocated. A home based operation removes the need to pay rent.

Employees:

The business is currently running with 5 staff. It is envisaged that this company will be transferred without staff.

Reason for Sale:

Retirement

Next steps:

If you are interested in receiving further information, please sign and return the attached Confidentiality Agreement. In returning the Agreement we would be grateful if you could provide us with details of your interest in this opportunity along with your funding position.

Looking for finance ?

If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at finance@turnerbutler.co.uk

Listing Details
Asking Price: £99,000
Tenure: Other
Location: Undisclosed, Relocatable
Sector: Wedding Service Businesses, Internet Businesses, Events Businesses
Financials
Annual Turnover: £205,000
Annual Net Profit: £63,000
Key Features
  • Established Business
  • High Turnover
  • Retirement Sale
  • Company for Sale
  • Prime Location
  • Attractive Business
  • Unique Business
Contact Agent
Telephone: Upgrade to view
Agent Name: Upgrade to view
Advert Reference: CQ216 / Rightbiz
Listing Statistics
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Date Ad Submitted: Upgrade to view
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