Multi Entertainment Tours Business For Sale

Business description

Key Points:
First class reputation and market leader in sector
Est. early 2000's, showing excellent growth and much further potential
Multiple Income streams
Currently completely run by staff- under full management
Loyal and motivated workforce
70% of bookings come from the business?s own website
Turnover £400K+ with net profit of £60K +.

Business Activities:
Established in early 2000's the business is now regarded as the UK?s market leader in its specific environment of entertainment. Last year 11,000 customers enjoyed the experience and from its humble beginnings (a one city entertainment business) the company has grown to now encompass 5 major cities, selling multi entertainment tours involving restaurants, bars and nightclubs. The Company is continuing to grow month on month, with April May June 2008 quarter showing an 11% increase in revenue on the same period as last year. Net Profit for year end March 2009 is expected to be £60,000+ with a turnover in excess of £400,000 pa.

The Company is run by a small but highly motivated full time management team supplemented by local part time managers as and when needed. The current owner has let the staff run the business on a day to day basis with his input being directional rather than operational. It is felt that a more hands on owner would increase profitability and continue to open up the obvious new markets that are now presenting themselves due to the increased exposure the Company is getting through good PR, referral and excellent web site optimization.

Income is generated from selling tours and commission from restaurants, hotels, nightclubs etc. 70% of bookings are received via the company?s websites with the remaining 30% via a network of 3rd party agents, such as lastminute.com. There are numerous opportunities to grow the business and the success already enjoyed could be replicated in other cities. Corporate clients are just beginning to show interest, private hire is relatively untapped and core business has much room to grow in London and Manchester.

Likely purchasers could come from the following industries: Entertainment, Corporate entertainment, Events, Promotions, Drinks, Travel, Media or a lifestyle purchaser looking for an easily run business in an exciting environment, with much growth potential and still growing under its own steam in a difficult economic climate.

Could be run from anywhere in the UK

Sale Basis:
To receive further information on this business please click "Contact Seller" at the bottom of this page. We will then automatically send you our Non-Disclosure Agreement (NDA). You will need to print and complete this form and return it to the address on the form. We request this document to protect the confidentiality of our clients.

We unfortunately will not be able to contact you with any further information until we receive this Non-Disclosure Agreement through the post.

Could you also please ensure you add the seller reference number of the business to the NDA so we can identify your business of interest. The reference number can be found at the top left of the business advert and is normally four to five numbers.

We look forward to receiving your Non-Disclosure Agreements.

Property information

Property:

Leasehold