Wedding, Party, & Event Planning Service in Barry

Barry, Barry
REF: S08182

Asking Price:
£90,000
Annual Turnover:
£25,000
Annual Net Profit:
£15,000
REF: S08182

Overview

Tenure:
Leasehold
Established:
2014
  • Excellent reputation and loyal customer base
  • Huge potential for growth
  • Spacious premises
  • Well-equipped premises
  • Equipment included

This is a unique opportunity to acquire a wedding, party, and event planning service, which is based in Barry, Vale of Glamorgan. The business was first established in 2015 and has grown steadily ever since its creation, while also gaining an excellent reputation and a loyal customer base in the local area.

The company covers all occasions for venue decoration and offers a number of different themes which can be specially tailored to meet clients’ needs. They cater for all types of events, including weddings, christenings, special parties, graduation balls, proms, charity dinners, and corporate events.

They aim to provide a high-quality service and the very best customer care. The company understands how demanding planning a special occasion can be and prioritise helping clients create their special events. They offer a complete setup and collection service and can cater for events of up to 750 guests.

The business is the preferred supplier for three of the largest hotels in Cardiff. Some of the company’s regular events include the annual Chamber of Commerce awards and the Welsh RFU annual dinner at Cardiff Arms Park. They receive the majority of their work through repeat business and word-of-mouth recommendations, which is a testament to their brilliant service offering and outstanding customer service. Previously, the company has worked 50 events per year.

The current premises are located close to Cardiff, which is ideal for large events, and has nearby car parking and high passing footfall. The landlord of the property is a friend of the owner and is happy to negotiate a new lease. However, there is also the option for the business to be relocatable. The vendor would need to provide the landlord with 3-months’ notice. The current premises are based just off one of the main streets in Barry and are on the ground floor of a three-storey building. Upon entry, you find yourself in a show area with everything laid out for a wedding, to demonstrate the company’s service offering. Behind a backdrop curtain, there is some room for storage. The premises has a bathroom and kitchen. Finally, the vendors also store dressings for Christmas, Halloween, and ‘Hollywood’ themed parties.

All equipment will transfer over with the business sale. All the assets are worth approximately £60,000. The current owners are happy to provide a business handover.

This would be the ideal opportunity for someone who has the relevant skills to plan, design, and implement large events. It would be great for a skilled event organiser, who currently lacks equipment.

There is huge potential for growth with this business, as the wedding industry is currently booming. There has a been recent change in trends and couples are now choosing smaller more lavish celebrations for their wedding days. The need for event organisers is rapidly increasing and therefore there is a massive opportunity for the new owner to continue expanding the business. Previously, the company has worked with up to 10 freelancers at once, and there is scope for the business to flourish even further. The business already has a brilliant, easy-to-use website and several popular social media pages, with 1,200 followers on Facebook, around 800 followers on Instagram, and a following of 100 on Twitter. It would be fantastic to continue using and optimising these channels.

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  • Nearby car parking
  • High footfall
  • No local competition
  • High-street location
Rent
£5,200
Rates
£0
Lease Term
TBC
Lease Expiry
TBC
Square Footage
TBC
Accommodation Included
No
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
TBC

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Accounts
XXXX
Trading Entity
XXXX
Current Ownership
XXXX
Management Structure
XXXX
Number of Employees
XXXX

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