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Reference: BMB10600
Activities: Event Equipment Hire & Services
Location: South East of England
Turnover: Circa £700,000+
Business Overview
BuyMyBiz is exclusively retained to find a purchaser for this established event equipment hire business. Over the past 25+ years, our client has provided an extensive range of hire equipment for events throughout the South East of England. The business is a one stope hire shop for a wide variety of events, including weddings, corporate events and parties.
Significant Business Goodwill & Reputation
The business has a large and comprehensive range of hire equipment, including but not limited to:
Catering Equipment
Cutlery & Glassware
Furniture
Linen
Chairs
Trailer Fridges
Alongside the equipment hire, the business also hires out marquees and offers complementary event services such as catering, lighting, toilets etc
Growing & Repeat Customer Base
The vendor currently works in the business running the day to day operations, supported by a strong and loyal team. The vendor is happy to facilitate a mutually agreeable handover period.
Reason for Sale
After running the business for over 25 years, our client is preparing for retirement and believes the future business opportunity will be best realised in the hands of a new entrepreneurial owner or larger business with the experience, enthusiasm and resources to drive the business forward to the next level.
This Business is Relocatable
The Opportunity
Ideally, we seek an acquirer with the requisite experience and resources to take this business to the next level. Consideration will also be given to buyers with strong market or client synergies looking for a ‘bolt-on’ business that can add value to existing operations.
✓ Established Brand & Business Process
✓ Secure & Profitable Business
✓ Significant Stock of Hire Equipment
✓ Loyal Customer Base
✓ Experienced & Highly Regarded Team
✓ Scalable Business Opportunity
Price
Offers are invited for 100% of the shares in the business plus Stock / Net Assets
(All offers to be based on a cash free/ debt free basis)
Offers are invited for the shares in the business from a suitable buyer. The vendor is happy to facilitate a mutually agreeable handover period.
The Next Steps
On completion of our non-disclosure agreement and supporting information, qualified parties will receive further information on this business. We recommend a meeting with the vendors at the earliest opportunity to avoid disappointment.