Online Discount Wedding Package Provider
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 is paramount. This is borne out by the onsite positive customer feedback.
They currently attract 200 or more monthly enquiries and are already substantially forward booked for 2021.
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.
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.
This business should be relocated. A home based operation removes the need to pay rent.
The business is currently running with 5 staff. It is envisaged that this company will be transferred without staff.
Reason for Sale:
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 firstname.lastname@example.org
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