Summary
A perfect opportunity awaits to run an established and multiple award winning wedding and events furniture hire business.
Revenue
$115,000 pa
Rent
$22,500 pa
Expenses
$26,000 pa
Net Profit
$67,000 pa
Location Details
Perth Metro
This business services to venues, public spaces, businesses and private properties.
Potential
This business has successfully operated for the past 5 years, with continual growth and increasing turnover each year. However, there is still so much more room to grow and expand.
Due to change of circumstance, the owners are restricted with time and attention the business deserves to allow it grow to its full potential. The owners are confident that with a bit more time invested into the business, it would be quite easily reach a $200k+ turnover, and continual growth moving forward.
Skills
Minimal skills required. The main skills would be an eye for detail, creativity and great communication. The owners are happy to pass on knowledge and skills they have acquired throughout their time within the industry. This includes assistance with styling of floral arrangements which are part of the ceremony setups if this aspect of the business continues on in the future.
Hours
Average week will be approx. 15-20hrs/week in the peak of wedding season. Admin hours only being approx. 2-10hrs a week
Lease
The business currently has a lease on a warehouse in Wangara, however can negotiate breaking lease if required.
Employees
This business is typically run by one of the owner, however two casuals have been employeed this current wedding season due to the active owner having a toddler in toe and #2 on the way. You can do without casuals if you wish.
Reason for Sale
The owners simply feel the business has great potential, which they simply don't have the time to get it to where it can go and feels a new owner may be able to do it justice and make it bigger and better.
About the Business
A perfect opportunity awaits to run an established and multiple award winning wedding and events furniture hire business. Along with complete wedding ceremony setups and styling, the business specialises in cocktail settings, with a sizeable range of furniture.
This business has been awarded the Wedding Industry Awards Top 10 in 2023 & 2022, and Top 5 in 2021 for the Event Hire category in WA.
The furniture range is unique and no other business has the same pieces which provides an upper hand when it comes to competition within the industry.
The business has an established website along with a online storefront which allows customers to book furniture at their own leisure, which reduces the admin time for smaller bookings substantially. The business also has a CRM system which the online store is linked to, which manages all bookings and payments along with many more features.
Inventory is valued to be $50,000, plus a ute and large flatbed trailer (which can be added to the sale of the business) - the reason why a truck is not utilised is due to the owners finding the loading and unloading of the furniture on and off a trailer is much more easier and convenient in comparison to a enclosed truck.
There is also future bookings for the 2024-2025 wedding season, which will continue to increase throughout the 2024 wedding season.
History
Established in 2018, the husband and wife team originally built a portion of their range for their own wedding and soon realised there was a market for what they created. And so the business was established and hit the ground running making their mark on the wedding and event industry.
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