Summary
Wedding and events products hire business with full suite of wedding products available for reception and ceremony hires including arbours, backdrops, lighting, furniture and all other accesories.
Revenue
$1,500,000 pa
Rent
$155,000 pa
Net Profit
$750,000 pa
Potential
Large potential to capture Post-Covid recoveries. Possibillity to branch into a franchise model or opening new establishments in other suburbs.
Hours
Monday to Friday 9am – 5pm
Sunday 10am – 12pm
Lease
Long lease with renewal options for the show room
Employees
3 long standing loyal employees
Reason for Sale
Part of vendor's retirement planning
About the Business
Rare opportunity to acquire a leading wedding and events products hire business with an established reputation for excellence built over the past 15 years.
Full suite of wedding products available for reception and ceremony hires that cater for all budgets, including arbours, backdrops, lighting, furniture, flooring and everything else.
Professional stylists and creative consultants delivering top notch customer service. Strong word-of-mouth reputation and a large portfolio of pre-sales.
Strong social media following of 45,000 Instagram followers
Large showroom/warehouse conveniently located in affluent eastern suburb.
Enviable financial performance history with more organic growth on the way post Covid.
Large investments by the vendor to bring the business to its current form. A rare opportunity to build on the successful foundation.
Vendor expecting a fair market value of $1,500,000.
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