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Premier Wedding Equipment Hire Business for Sale in Pentraeth Isle of Anglesey

Pentraeth, Isle of Anglesey

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    12/05/23

  • Advert ID

    513140

  • Reference

    B07333 / Rightbiz

  • Call Agent:

    Registered members »

  • Asking Price: £79,995
  • Turnover: £50,536 (£972 Per week)
  • Net Profit: £23,265 (47% Profit margin)

Business Details

Well established wedding equipment hire business for sale

Business
Please quote reference B07333

CoGoGo are delighted to welcome to the market The Hire Company (Cymru), a high rated premier catering hire business in Pentraeth, North Wales.

The Hire Company (Cymru) was first established by our clients in 2012, and has proven to be extremely popular within the area, building up an excellent reputation and regular customer base.

The business has now come to the market due to our clients desire to retire. 

The Hire Company (Cymru) is North Wales' leading hire company for tables, chairs, crockery, cutlery, glassware, table linen, BBQ's, fridges/freezers, water boilers and soup kettles. In recent years, their hire range has increased to include furniture. The business also offers a delivery and collection service to the venue. 

Key selling points -

  • 92% conversion rate on quotes won
  • Little to no competition locally 
  • Future booking pipeline
  • Lifestyle business
  • Extremely well established
  • Huge scope to expand - no advertising other than fb posts
  • Perfect add on business to an already established events company
  • Family run since establishment
  • Exceptionally low overheads
  • Leasehold option potentially available
  • Local support with an abundance of recommendations
Scope to improve -

  • Increase marketing and advertising
  • Expand catchement area
Very rarely do businesses of this type come on to the market and we therefore recommend early enquiries to avoid disappointment.



Location
The Hire Company (Cymru) is located on Cloth Hall in Pentraeth, North Wales.

The business benefits from close by parking facilities and free parking to the front of the premises.



Premises
Well fitted out shop with displays and great eye catching signage.

2 Large storage containers 



Tenure
We are advised that the business is being sold on a business only basis. 

A leasehold option is also available, with a new lease to be agreed with the landlord. The combined rent with the 2 containers is £5,096 per annum (Shop rent only £2,600 per annum).



Hours
The business is run to suit bookings and appointments. 



Staff
We are advised that the business is run and managed by our clients. 



Financial Profile
We are advised as per the 2022 accounts, the business generated a turnover in the region of £50,000. Further financials can be made available upon request. 



Read more

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Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

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Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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The data showed regarding this advert 'Well established wedding equipment hire business for sale - B07333 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.