INDUSTRY

Household Electronics

BUSINESS SUMMARY

Supplier of High Quality Lighting & Sound Equipment Ref no: JC017 Confidentially offered for sale Location: North London Asking price £850,000 Including a Newly refurbished freehold unit with a value of circa £235,000 The vendor started the Business in 1987, incorporating in 2002. Since then, the company’s main area of business is the hire and supply of lighting, sound, staging and flooring, as well as draping services. The main clientele are production companies, corporate clients and the general public. For private parties this includes some of Britain’s richest businessmen, celebrities, sportspeople and the rich and famous. The company owns a significant amount of equipment with a current market value of in excess of £300,000 and is subject to a policy of replacement and upgrade, ensuring that it only stocks the best and most up to date equipment available. Add this to the rigid repair and maintenance program and it is no surprise the majority of the work is from existing clientele, repeat business and referrals. The Business operates out of a freehold commercial unit of approximately 1,500 sq.ft per unit, which is included in the sale price has a current market value of circa £235,000

	BUSINESS FINANCIALS
Asking Price: £850,000
	GENERAL COMPANY INFORMATION
Organization Structure: Headquarters/Main Location: Home Based Time on lease/mortgage: N/A Is Business Relocatable? No
	MARKET OUTLOOK/COMPETITION
A high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation, the most effective form of advertisement for any organisation and its reputation enhancement. Great success has been achieved without regular national exposure and there is massive potential for growth through creative online marketing and direct mailing, building on a well recognised and established name.
	DETAILS ABOUT THE SALE
Support & Training Full business familiarisation, training and handover will be provided by the owner, it is considered that this will be a relatively simple event due to the foresight of the sale and the appropriate measures made to ensure the continued success of the business Reason for Selling The Owner, following the successful handover and transfer of the business, wishes to enjoy the fruits of his labour. There are other business interests he would like to pursue which would enable him to spend more time with his young family Is Management Willing to Stay? No Are You An Intermediary? No