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Fri, Jan 27 2023 05:22:31 AM  |  /

Marquee Hire and Event Planning Company

Business Id:000802     |    Reference: CN064
Price:
£225,000.00
Business Description

Established in excess of 25 years ago this business specialises in the hiring of marquees for all occasions, offering a complete package which includes marquees with windows, doors, linings, flooring, tables, banquet chairs, lighting, heating, podiums, PA systems and dance floors.

Business Profile:

Thriving business with huge further potential.

Offering high quality marquees with a wide range of sizes. This offers a huge amount of flexibility which allows the company to cater for whatever customers require, from a small marquee in the back garden, to a marquee village, or perhaps catering for corporate launches or hospitality. All events are assessed on an individual basis, and the needs of the client taken into account prior to finalising the plans for any event, this can be illustrated using the CAD package. The company has a good range of clients both commercial and domestic. Evidenced with a superb history, trading through a recession and more recently thriving during a pandemic.

The company cater for all requirements with a great history of long term hires, corporate hospitality, sports event with hospitality for guests, to smaller activity days but have really carved out a reputation in the market place for high end weddings. As you would expect the company can theme events with accessories available to choose from. 

The company gives each customer a high level of personal and reliable customer service, from the first phone call to the final clearing of site.  Through the office’s utilisation of leading event management software and subsequent site visit program, the customer’s needs are established and the correct range of hire services and structures are offered.  With erections taking place for events as varied as weddings, shows, product launches, and VIP hospitality, the company can tap into its vast knowledge and database history of previous events to quote a package ideally suited to their client’s needs.  Many of the customers are attracted to the company by recommendation or seeing one of the company’s marquees at other events.

The company offers (and has a reputation for) quality products, efficient service and competitive transparent pricing. This philosophy has resulted in the company being a solid choice for the client and is a major force in the marquee industry.

Equipment:

Good range of high quality equipment including marquees, vehicles, accessories etc. The business also utilises leading event management software and CAD so customers can build and see exactly what offerings they want in advance to make sure all requirements are met.

The company has drawn on its many years of experience in the trade to enable them to select some of the world’s best suppliers of marquees and associated equipment. The company has an ongoing equipment maintenance and replacement program which any new owner will benefit from.

Marquees are no longer seasonal, they can be used in all seasons, with heating solutions optional (included in the stock). All structures can be supplied with or without a wide range of furniture and accessories.

Equipment replacement value would be approximately £325,000 – £375,000.

All equipment is included within the asking price.

Key Strengths:

The businesses core strength comes from the repeat/referral clients, with approx. 70% of the events covered being derived from this source.

The business has created a reputation based on their professional approach and dependable service, expansive knowledge and expertise. The business is well respected for its honest, reliable and friendly approach, which has created a strong client base, together with well maintained, high quality stock.

It has a superb level of equipment and is able to cater for most events. It also has a healthy forward order book that ensures good cash flow within the business.

The business has the following key attributes:

  • Well-established and long-standing marquee hire and event planning/management company
  • Private and corporate client customer base.
  • National preferred supplier status with a number of organizations.
  • Good breadth and depth of high quality stock – capability to service numerous events simultaneously.
  • Highly profitable
  • Strong forward order book.
  • Excellent reputation for very high levels of personal, friendly and professional customer service. 
  • Substantial growth and expansion opportunities. 
  • Strong repeat client base, a number of clients have been using the business for in excess of 20 years.
  • Incredible digital presence and a world class domain and website.
  • Database of previous events

Key Opportunities:

Benefiting from a new marketing strategy, the business is set to fly. With new owners wishing to sustain or grow, the ‘ship is ready to sail’.

The business provides an acquirer with the following:

  • Ideal bolt on for a company already operating in the marquee, catering equipment, event and furniture hire sector.
  • Excellent starter opportunity for an individual or organisation looking to establish a foothold within the hospitality sector.
  • Exploit targeted marketing
  • Look to expand to cover work that is currently sub hired.
  • There is also a superb opportunity to expand into related areas, for example more event management, catering, equipment hire, entertainment etc.
  • Franchise opportunity using the current name, website and brand, this business could easily become ‘the’ national name.

Employees:

Only one of the directors works in the business.  The current staff includes two full time employees and one part time employee. Staff are highly competent and multi-task. The business can also call upon a pool of additional labour as and when required.

Advertising and Marketing:

Full details of the businesses advertising and marketing will be provided to the purchaser within the handover period.

Premises:

The company currently operates from an ideal leasehold storage premises

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties.

A superb opportunity exists to build on the unsurpassed reputation of this thriving business. The company has such a level of equipment that it could easily accommodate significant growth within its current infrastructure. It also has a healthy forward order book which should ensure ongoing prosperity to the new owners.

The business is being marketed for sale  on a cash free debt free basis.

Reason for Sale:

Personal reasons.

Support and Training:

The owners are willing to offer a hand over and training period to ensure a smooth transition of the business to its new owners.

Asking Price:

The Asking Price is for the Goodwill and Plant & Equipment of the business. 

 

 
Business Information
Turnover:£438,450.00 Annually
Is this business relocatable: No
Business Sector: Marquee Hire Companies
Statistic Information
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Business Profile
Equipment: Good range of high quality equipment including marquees, vehicles, accessories etc. The business also utilises leading event management software and CAD so customers can build and see exactly what offerings they want in advance to make sure all requirements are met. The company has drawn on its many years of experience in the trade to enable them to select some of the world’s best suppliers of marquees and associated equipment. The company has an ongoing equipment maintenance and replacement program which any new owner will benefit from. Marquees are no longer seasonal, they can be used in all seasons, with heating solutions optional (included in the stock). All structures can be supplied with or without a wide range of furniture and accessories. Equipment replacement value would be approximately £325,000 – £375,000. All equipment is included within the asking price.
Key strengths: The businesses core strength comes from the repeat/referral clients, with approx. 70% of the events covered being derived from this source. The business has created a reputation based on their professional approach and dependable service, expansive knowledge and expertise. The business is well respected for its honest, reliable and friendly approach, which has created a strong client base, together with well maintained, high quality stock. It has a superb level of equipment and is able to cater for most events. It also has a healthy forward order book that ensures good cash flow within the business. The business has the following key attributes: • Well-established and long-standing marquee hire and event planning/management company • Private and corporate client customer base. • National preferred supplier status with a number of organizations. • Good breadth and depth of high quality stock – capability to service numerous events simultaneously. • Highly profitable • Strong forward order book. • Excellent reputation for very high levels of personal, friendly and professional customer service. • Substantial growth and expansion opportunities. • Strong repeat client base, a number of clients have been using the business for in excess of 20 years. • Incredible digital presence and a world class domain and website. • Database of previous events
Key Opportunities: Benefiting from a new marketing strategy, the business is set to fly. With new owners wishing to sustain or grow, the ‘ship is ready to sail’. The business provides an acquirer with the following: • Ideal bolt on for a company already operating in the marquee, catering equipment, event and furniture hire sector. • Excellent starter opportunity for an individual or organisation looking to establish a foothold within the hospitality sector. • Exploit targeted marketing • Look to expand to cover work that is currently sub hired. • There is also a superb opportunity to expand into related areas, for example more event management, catering, equipment hire, entertainment etc. • Franchise opportunity using the current name, website and brand, this business could easily become ‘the’ national name.
Financial performance: The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties. A superb opportunity exists to build on the unsurpassed reputation of this thriving business. The company has such a level of equipment that it could easily accommodate significant growth within its current infrastructure. It also has a healthy forward order book which should ensure ongoing prosperity to the new owners. The business is being marketed for sale on a cash free debt free basis.
Asking Price: 275000
Advertising and Marketing: Full details of the businesses advertising and marketing will be provided to the purchaser within the handover period.
Growth and Expansion: na
Premises: The company currently operates from an ideal leasehold storage premises
Business Hours: na
Employees: Only one of the directors works in the business. The current staff includes two full time employees and one part time employee. Staff are highly competent and multi-task. The business can also call upon a pool of additional labour as and when required.
Support and Training: The owners are willing to offer a hand over and training period to ensure a smooth transition of the business to its new owners.

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