One Of Largest UK’s L.E.D. Screen Hire Companies For Sale

Business description

This is a unique opportunity to purchase one of the UK’s largest and successfull businesses that supply LED screens for many outdoor and indoor events.Established in 1996 by the owner, the company is now one of the best known and respected names in its field, and is generally the first point of contact for major organisations to make when they are thinking about hiring a big screen for an event.

The company’s aim is to provide a first class service with oustanding attention to detail and full technical support for all types of events using the best LED screens available. They also provide a full camera and outside broadcast support service, plus if required staging, lighting and sound.

They have a portfolio of both major national and international clients, supplying to some of the most prestigious events and ceremonies that take part in this country. They work with both national TV company’s and world wide associations and bodies to provide a highly technical and quality service.

There is an excellent and modern up to the minute inventory of equipment within the business of screens, both mobile and modular from 8sqm to 60sqm available for hire by the day. Each of these have full outside broadcast facilities available with the company providing a full turnkey solution for their customers individual requirements.

The business runs with a small, but highly skilled and experienced full time staff. The bulk of the technicians, riggers and drivers are freelance, all of which have worked with the company over a number of years and are well respected within the industry. The company are members of the National Outdoor Events Association and have exhibited at the associations conference.

The business is profitable with low overheads, easy to run and has grown consistently over the years.There is an excellent opportunity to grow the business further for new owners, simply by building on the successful formula that the owner and his team have put together.

Customer Service:

Customer service is paramount to the success of this business. Reputations are built and lost on how good the team are at customer care and they pride themselves on making life as trouble free and simple as possible. The company ensures that all health and safety documentation, risk assessment and site requirements are known to all parties well in advance.

Wherever possible, advice and guidance is handed out to clients with the sole aim of making their event a huge success. The vast experience of the company ensures that they can work with even the most demanding of customers.

Equipment

All of the equipment within the company is included in the sale.

Part of the inventory includes;

* Two 45 square metre Artic Trucks with screen and full broadcast suite and generator on board.
* Two 27 square metre picture box screens on six wheel rigids. Both have broadcast suite and generator on board
* An 18 square metre mobile screen
* One mini mobile, 8 square metre with on board generator, used for advertising and small events.
* Plus mobile media screens, modulator screens, outside broadcast van, portable production units etc etc.

A full inventory list is available to view for genuinely interested parties.

Key Strengths:

The business has been developed in such a way so that it can cater for the most demanding of clients. They have earned an excellent reputation over a twelve year period for being a well respected and trusted supplier to the event industry. The large inventory of equipment gives the company the flexibility to supply a wide range of events with differing needs.

The company has a complete customer satisfaction mentality. This runs throughout the workforce and helps to make the job “Happen” on site. All of the staff are friendly, courteous and amenable to their clients, remembering at all times they are providing the service to the customer.

The business is well run with good cash flow and no bad debt. All accepted events are subject to a 30% deposit and the remaining balance of the invoice is paid 14 days before the event. Part of the contract stipulates that unless the invoice is paid in full the company will not provide their services.

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 under the auspices of Turner Butler.

The turnover is circa £1,000,000 per annum with Net Profits of circa £200,000 per annum.

Property information

Location:

Relocatable. The business runs from a circa 6,000 sqft. industrial unit with a drive in garage on the ground floor for overnight storage of the trucks and equipment. There is a general workshop on the same floor were repairs and maintenance are carried out. There is an upstairs office block with kitchen area and wc.

Other information

Expansion potential:

The company has grown steadily over the years and the owners believe that there are excellent opportunities to take the business forward over the coming years.

They have been trading consistently over the past thirteen years with a large database of regular repeat blue chip clients. Most of their new clients come from word of mouth recommendation but the owners believe a dedicated sales and marketing team would aquire new clients and increase sales.

The World Cup in 2010 will be a busy one for the company. The owners expect all of their equipment will be needed and they will be working to full capacity during the period between Mid June and Mid July. They have already sent out numerous quotes to clients and their forecast for this period is to achieve turnover of circa £500,000.

2012 sees the Olympic Games come to Britain and the company are already tendering for work during the Games period which will see the company working again at full capacity .

Competition / Market:

They are active in the marketing of the company and have advertised in the Stand Out Magazine which is an event industry publication. They are also advertising in Access All Areas which covers Festivals and Outdoor Events plus they also list the company in the CES Book which is an Industry Directory, known affectionately as the industries bible and who’s who. The company also has a fully functional and informational website.

Support & training:

The owners would be happy to help out with a smooth transition of the business and help in anyway possible. They are prepared to help for a period of time to introduce the new owner to all of the major connections that the company deal with on a regular basis.

Reasons for selling:

The owners would like to spend more time with their family and believe this would be a perfect time for someone to take the business onto the next level.