Ray of Light Letters, Bespoke Event Lighting Business in Scunthorpe Lincolnshire, For Sale
Scunthorpe, Lincolnshire
- Status
FOR SALE
- Date Submitted:
22/12/23
- Advert ID
604275
- Reference
B07726 / Rightbiz
- Call Agent:
- Asking Price: £99,995
- Turnover: £75,021 (£1,443 Per week)
- Net Profit: £43,569 (59% Profit margin)
Business Details
Successful Light Up Letter Business For Sale
BusinessPlease quote reference B07726
CoGoGo are delighted to welcome to the market a highly rated and successful light-up letters business for sale.
This well respected opportunity was founded by our client in 2016, building up an excellent reputation and regular customer base.
This light-up letters business has now now come to the open market due to clients other work and family commitments.
The light-up letters are available for customers to hire or purchase and are great for special events such as Weddings, Corporate celebrations, Birthdays, Christenings, Anniversaries, Proms etc. In addition to event lighting, the company also has a range of venue décor available for hire, including flower wall and sequin backdrops and cherry blossom trees.
The business has significant untapped potential for anyone looking to run the business with time to invest in sales and marketing.
This is an established company with a strong reputation for quality and professional service. The company has worked with some of the UK and world’s leading brands including Disney, Hilton Hotels, SKY, Heineken, National Lottery, Paul Van Dyk Ltd, RAF, The British Army, BMW, Amazon.
A full breakdown on all the assets, tools, equipment and marketing materials included in this sale can be made available upon request.
Our client has advised that 2 consultation sessions will be included to provide support to the new business owner. 1 to 1 training will also be provided on how to manufacture the light up letters.
Key selling points -
- All light-up letters, numbers, signs and symbols are individually handcrafted in-house.
- They have worked with and are recommended supplier for some of the UK’s biggest companies, including Disney, SKY, Openreach, EDF Energy, The RAF, Universities, SWIFT Caravans.
- The company has supplied light-up letters for events across the UK. Including over 50 venues in the Yorkshire and Lincolnshire region. The company have developed an excellent reputation for quality and service.
- The light-up letters are maintained to a high standard an high quality
- The company is currently based around Scunthorpe. Anyone looking to buy the company in a location near to a city will have greater opportunity for additional sales.
- No investment in sales. Anyone with more time to invest in promoting the company could see significant growth.
- A full strategy for website development to increase sales has been created and is available to the buyer.
- Opportunity to scale up and increase sales through the diversification in the range of light-up letters which are manufactured
- Opportunity for business growth and increased sales through franchising
- Opportunity for business growth through increasing the range of products available for hire
Location
This successful light-up letter business is currently based around Scunthorpe.
Premises
N/A
Tenure
We are advised that this opportunity is being sold on a Business Only basis.
Hours
Due to the nature of the business, it opeates all year round.
Staff
We are advised that the business is run and managed by our client.
Financial Profile
We are advised as per the 2023 accounts, the business generated a turnover in the region of £75,000. Further financials can be made available upon request.
Contact Agent
Listing Statistics
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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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