Standing Wedding And Party Hire Business

Business For Sale Mid + North Coast NSW Region, New South Wales

Business Category Hire Services Wedding Services

$478,000 + SAV

Description

Standing Wedding And Party Hire Business

*Location*

Located on the Far North Coast of NSW, the town is one of the most sought after holiday destinations in the country. The estimated 650,000 domestic overnight visitors stayed an average of 3.5 nights, with many using that time to celebrate a milestone

*Potential*

Any new owner has an opportunity to grow this business from the leading Wedding and Party hire business in the region to a business that can easily diversify into many divisions.
Divisions could be;
1. Festivals,
2. Large Corporate
3. Locally held events,
4. Expand their equipment hire.
5. Complete Wedding / Party planners


*Training*

The current owners started the business with no previous experience in the business. Any new owner will be trained by the current owners on all aspects of the business. A background in the service area would be an advantage.

*Trading Hours*

As this business is centred around Weddings and Parties, most of the work is conducted over the weekends.

*Lease*

The current owners own the warehouse where all the equipment is stored. They are happy to either lease or sell to owners

*Employees*

All staff are part of the family. Currently there is 4 full time staff and 6 part time contractors that help with set up and packing away duties.

*Reason For Sale*

The Family are looking to allow the older members to retire and the younger ones to spend more time with family. The younger generation are also looking at other opportunities outside the industry.

*About The Business*

It is the only true locally owned and operated business of its kind in the area. The office and warehouse are centrally located to all the possible venues. They are also very entrenched in the local “scene” and are the preferred supplier to other venues. With their contacts of all the suppliers in the area, they also can organise the Wedding and or Party from start to finish.
The company mainly supplies the equipment required to host a Wedding or Party. They can also put guests in touch with other local businesses that supply products and services for the Wedding or Party.
A general overview of products are as follows;
• Marquees – various sizes and styles
• Tables, chairs and Linen
• Quality cutlery, glassware, crockery, tableware
• Lighting
• Dance Floors
• Cooling and Heating equipment


*Years Established*

Established in 2000, the family saw a need in the area and went about building the business. Since then they have upgraded their storage facilities 4 times in order to cope with all the equipment. The business specialises in Weddings but also supplies equipment to Parties and Festivals in the region.

*Financials*

Period (per Year)

Revenue $617,000

Expenses $474,000

Net Profit $143,000
Contact Seller
Jeremy O'Gorman

Bsale ID: 532005

Transworld Business Advisors Manly
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