Asking price: £365,000

Sales revenue: £885,000

Net profit: £190,000

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
A highly creative special event planners and organiser with over 25 years of experience, assisting with venue selection, to creating themes and program content, to booking the artiste, every detail of the event is expertly planned and executed.

The in-depth knowledge, skills, and services help clients continuously achieve success over a wide range of events. This is a cost-effective, highly creative resource providing complete event planning, preparation, production, and management service. Offering clients a full range of needed services to plan and produce their Events providing advice, direction, and creative design for events.

The business has extensive experience in the hospitality, audiovisual production and staging, entertainment, and communications disciplines. This business knows and has what it takes to continually deliver exciting, successful programs - often with short notice and limited budgets.

With over 25 years of special event experience the business has the knowledge, resources, skills, and industry contacts needed to keep events on track, on schedule, and within budget - even when lead times are short.

The business was established in 1985 and rapidly established resident discotheques for many West-End Hotels and Conference venues providing just the right sounds and DJ's for both corporate and private events.

The business has long term relationships with prestige venues such as five star deluxe hotels this experience, provides a solid base for Event Management. The expertise acquired is now available, providing a personal service to both venues and clients utilising numerous professional contacts.

From supplying a single item or artist to organising the whole event, a professional service is always assured. The principle type of customers is corporate dinner dances, product launches, Award ceremonies, private individuals (weddings, anniversaries, birthdays etc).

The business operates corporate dinner dances, Award ceremonies, private parties at hotels, conference venues, restaurants, marquees etc. The success of the business is quality personal service and attention in details. The business delivers exactly what the clients wants and has numerous high profile contacts providing projects.

Market Outlook:

The industry trend is upward. The corporate market is always staging events irrespective of the state of the economy. The private market is full of weddings, birthday parties and anniversaries.




Customer Service:

This is a business offering a complete personal service-always willing to help a client fulfil their requirements. They offer quality professional DJ’s, bands, musicians and artists and are completely reliable, given this clients are continue to use the businesses service.

With complete client satisfaction there is a constant stream of personal recommendation by venues, one of the most powerful forms of recommendation that almost guarantees the job.

Key strengths:

With a reputation based on reliability, high quality work and personal attention to all clients this business offers a truly professional service that results in a continuous level of new and repeat business from many clients that have been with the business for a considerable period of time.

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 business is financially stable with no borrowings, low overheads, positive cash flow, high gross and high net profit and has shown consistent growth over 15 years of trading.

Sales revenue is circa £885,000 per annum with net profits circa £190,000 and the vendor feels that with investment in marketing and the expected increase in demand combined with offerings to new sectors the business will dramatically increase its revenues.

Employees: There is 1 full time employee in addition to the owner, who also works full time.

Trading hours: Current business hours are 9.00 to 6.00 Monday to Friday.

Property: Leasehold

Location
The vendor owns the freehold of the premises and is prepared to offer a new lease to a new owner, or alternatively is prepared to allow the new owner re-locate to premises of their own choice.

Expansion potential
This is a business whose services are always in demand. This business has a robust product and service portfolio backed by professional service, contained within a proven corporate solution. The business is well positioned to take maximum advantage of growth in this sector as it occurs. The vendor believes the business has all the ingredients for the right person or business with the right resources to take this niche business and turn it into a national player.

Competition / Market
The business has a database marketing oriented strategy, relying on existing clients and word of mouth referrals from satisfied clients to generate new business. This model works successfully in the current organizational structure and provides an excellent return but there are still further opportunities for advertising and marketing the business. They also have a website which is visited regularly.

Support & training
The current owner will assist with all necessary training and support and will pass on all relevant contacts to allow continuity of trading.

Reasons for selling
With several other business interests the vendor now wishes to move away from the London area and pursue these.