Renowned Party & Event Company in London
- Excellent reputation
- Loyal customer base
- Wide range of events hosted
- Equipment included in sale
- Low overheads
- Strong supplier relationships
This is an exciting opportunity to acquire a business that organises and supplies all types of entertainment in London and the surrounding home counties for Children’s parties and Adult/Corporate Events.. For weddings, private and corporate events, the business supplies DJs, karaoke hosts, singers, close-up magicians, photobooths, DJ equipment, and event production such as staging, backdrops, props and lighting. For the children’s market, Popstarz Parties & Events provides DJs, dancers, face painters and themed characters for birthday parties, school events, teenage parties, and Bar/Bat Mitzvahs.
First established in 1998, the vendor made the tough decision to leave his university degree to pursue his career as a DJ. His love of music and vast taste soon made him the go-to party DJ for college and university gigs, quickly allowing him to expand into the corporate and wedding scenes. The vendor then saw a huge gap in the children’s party market for young, personable and energetic DJs who play a mix of old classic action songs and current chart hits, alongside plenty of interaction and dance routines with the children. 22 years later, Popstarz Parties & Events has thousands of clients including celebrity clients, top schools, and many corporate companies and hotels.
The business is available for sale on a relocatable basis, although the buyer should remain within a commutable distance of the company’s existing client base across London.
An Integral part of the business is the hire of karaoke equipment for private parties and corporate events, which alone generates a good income.
Approximately £20,000 worth of assets are incorporated into the asking price, including disco and karaoke equipment, disco lighting and effects, backdrops, props, stage costumes, and party novelties.Additionally, the business’s fantastic website and Facebook page are included in the sale.The buyer will also benefit from the vendor’s hard drive which consist of all 6,000 clients from the past 10 years, a list of event companies with whom the business has longstanding relationships with, a list of suppliers, a list of entertainers and performers, and instructions on how the children’s parties are run. The vendor is also willing to offer a transitional period to the buyer.
The ideal buyers will be a young couple or duo who are 20 - 30 years old and wanting to carry on the business’s success and take it to the next level. Both buyers should have preferably graduated from a performing arts course so that they are armed with the necessary dance, drama and theatre skills to quickly and comfortably take over the business. With this background, they will also have a strong network of similarly skilled friends who can be trained and added to the team to expand the business’s roster of staff.
The profit levels so far have been lower than they potentially could be as the vendor has always invested a significant amount of income back into the business to grow it. As the company is now well-established, there is no need for the buyer/s to reinvest at the same level, thereby increasing profits. Nonetheless, the buyer/s can build upon the business’s already outstanding success through greater advertising, extending trading hours, and expanding its geographical area.