The company is a furniture and equipment hire company supplying the events industry, offering a large stock portfolio of tables, chairs, table linen, crockery, cutlery, glassware, cooking and refrigeration equipment. Operating throughout Scotland, the company hires to commercial clients across the hospitality and events sector, including hotels, restaurants, venues, caterers, wedding planners, councils, event organisers and the private sector (general public). The company is being offered for sale to facilitate the shareholders’ retirement. Offers invited.
KEY HIGHLIGHTS
Additional revenue generated from delivery and cleaning fees, with losses or damage covered by a refundable security deposit paid at time of order.
Database of circa 1,726 active clients, including the organisers of several well known annual events, with some relationships spanning up to 20 years.
Diverse client base offers protection against downturn in any sector.
Revenue generated year-round, with peaks in summer and December.
Strong second-tier management team in place.
Operating from shareholder-owned leasehold premises. The properties are available for sale if preferred by any purchaser.
Turnover of £1.1m with an adjusted EBITDA of £216k in YE23.
Projected turnover of £1.12m in YE24, expected to rise to £1.16m by the end of YE25.
Gross profit margin of 97%, with an adjusted EBITDA margin of 19%
