Profitable And Established North East Events Company For Sale

Business description

Jonathan Ward at Lakey & Co is delighted to offer for sale this established event management business with current net sales of £150,000 per annum and an available net profit of circa £42,000 per annum. Benefiting from a high quality client base and available with or without spacious showroom premises - an early viewing is highly advisable.

The business specialises in providing themed events such as weddings, themed birthday parties and corporate events to both the public and to businesses and large corporate clients. The business has shown steady growth even in the current climate which would suggest that, to some degree, it is recession proof. Our clients are only offering the business for sale as they are emigrating and the business is available on a freehold, leasehold or relocatable basis. Comprehensive systems and procedures are also in place to expand the business by means of franchising should a prospective purchase wish to pursue this avenue of growth.

Property information

Property:

Freehold

Location:

This business benefits from a busy and visible location on North Road opposite B & Q and Morrisons superstore. Although this is a secondary location, with the accompanying advantage of lower costs, it is highly accessible and prominent although the business could equally be operated from alternative premises, for example a warehouse unit, if required.

Premises details:

The premises, which extend to around 3,000 sq ft over two floors, comprise:

Ground Floor –

Showroom 1 : which is currently set out for wedding clients and is the main area used by our clients for visiting clients.

Showroom 2: which is currently used by our clients as office and storage space but has in the past been used as a themed party room and this use could easily be reinstated.

Kitchen and Storage areas to the rear with access to rear yard and back passage.

First Floor –

Showroom 3: currently used for themed children’s parties. A fantastic and versatile space.

There are further storage rooms and office space on this floor which are currently used for the storage of props and equipment.