Business for Sale in Devon EVENTS BUSINESS

Leasehold Price £550,000

Key Information

Reference
M35476N
Tenure
Leasehold
Status
For Sale
Region
Devon
Sector
Events Businesses
Annual Sales
£400,858.00 Exc. VAT
Accommodation
No

Business Information

Niche EVENTS BUSINESS, offering an eclectic range of FURNITURE & FURNISHINGS FOR HIRE, operating throughout the UK and further afield, based SOUTH WEST, could be amalgamated with other complementary business. Wide variety of events catered for, includes private parties, corporate gatherings, brand launches, weddings, festivals, television and studio set work.

Storage premises of approx. 8,500 square feet maintained, huge inventory of quality hire stock, sourced and acquired over many years from all over the world, considered most valuable and not easily obtainable. Operating a fleet of delivery/collection vehicles, also commanding substantial value and included in the sale.

Established business with excellent reputation and valuable client base, includes top international brands and well known celebrities. Most efficiently run with full CRM computer system in place and excellent website, repeat bookings and forward bookings stretching 1 – 2 years in advance. Hire income 2022/2023 in excess of £400,000 ex Vat, returns six figure adjusted Net Profits to owners, benefits from limited competition.

Leasehold £550,000 to include Hire Stock (estimated value £370,000) & Vehicles (estimated value £50,000). Ref: M35476N

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