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Provider of Artistic Services to Major Tourist Attractions
The business started as a 1 person operation, with the current owner providing hand drawn caricatures at a well know London attraction. Identifying an opportunity to offer a consistent service across multiple sites, the business has grown organically to now provide a range of artistic services, including caricatures, face painting, temporary tattoos, glitter bars and hair wraps at a number of prestigious tourist attractions. The business has bespoke sales units at all of the attractions with permanent units built at its most profitable attraction, which further cements the relationship with each location.
The vendor runs the business from home, predominantly managing the back office function and employs staff to manage much of the day to day operations. The business recruits and trains its own artistic staff, with robust training and processes in place to ensure consistent quality in the delivery of the services. The number of artists employed varies from 5-6 in the winter periods up to 40-50 at peak times. Artist skills are not a requirement for the owner of the business.
The current year will deliver earnings before owner drawings in excess of £100,000. There are discussions underway to increase the number of locations serviced by the business which should fuel further growth in the next 24 months. Beyond that, there is significant scope to further scale up the business. Having recently started a family, the vendor wants to change her focus and is therefore marketing the business for sale. Currently run from a home office, the business is easily relocatable.
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