Summary
Rooftop Balloons has operated since 1990 as the sole local manufacturer in Perth of a wide range of eye-catching inflatables which it sells and hires to WA businesses for advertising and events.
Revenue
$338,000 pa
Rent
$0 pa
Expenses
$283,929 pa
Net Profit
$55,493 pa
Location Details
Currently run from my home in Shelley. In the past we ran the operation from workshops in Midland and Bentley. Could easily be moved to any location in Perth.
Potential
- Great opportunity to purchase an established brand with good prospects of repeat business
- Growing demand for innovative outdoor advertising with no local competition
- Simple to operate, great for first time business owner wanting to be their own boss.
- Comes with a large range of inflatables and equipment to quickly grow the business to many times the current turnover.
- Training in all aspects of the business offered to enable the new business owner to be successful in this exciting venture.
Skills
No formal skills required. Running the business day to day would be best suited to someone who can deal with customers and can operate an accounting package such as Xero. To install the inflatables will need some working at heights experience/training and a vehicle lisence. All these skills can readily be learned and as part of the handover of the business I am happy to provide on the job training for the first couple of months.
Hours
This depends on the sales you want. Currently I run the business only on Saturdays as I work elsewhere full time.
Lease
No lease as I moved the business into my own home. I would suggest the new owner also run it from home to cut costs.
Employees
Nil
Reason for Sale
I have run Rooftop Balloons as a side venture since 2010, remotely managing the business through other staff as I worked full time elsewhere as an engineer. In 2020 I scaled down the business to only operate on weekends to allow me to focus on building another engineering business. At 59 I intend to retire shortly and would like to pass the batton on to another keen business owner. The business has sufficient existing stock, equipment and branding to easily exceed past profits for many years.
About the Business
Rooftop Balloons owns and creates a wide range of eye-catching inflatables which are sort after for advertising by our established customers. Our current inflatables range from Rooftop Balloons, Characters, Arches, and Party Men - refer to www.rooftop balloons.com.au for photos showing the range of inflatables we offer. Our customers also request other customised inflatables which we supply through third party manufactures from Sydney and overseas.
Many of our inflatbles are requested to be installed on the rooftop of Clients premises as this improves the visibility and effectivenss for advertising their promotions, as well as offering good security that enables longer term hires over weeks or months at a time. These inflatables are also sort after for ground installs at shorter term events, particularly large arches and characters. We are also entrusted by similar Advertising companies in the Eastern States to install their inflatables for large local events and festivals.
All our inflatables and installation equipment have specific design features the business has developed since 1987 which enables safe and easy installation and ensures they last in Perth conditions. Most infatables are also set up to take multiple banners most customers request for their specific promotion. The sale of these banners, the sale/hire of the inflatables and equipment, and the installation labour are the main revenue streams of the business.
The business also comes with proven sytems that ensure its safe operation and qualilty of our products and services. We are a trusted company that have delivered consistent advertising services to hundreds of local companies, large and small over the last 38 years. Such companies include McDonalds, Harvey Norman, Coles and Chemist Wharehouse to name a few.
The business specialises in a unique market with no other local competitor offering the same service. Given the difficulty in building up a company without the experience of installing such inflatables in Perth conditions, it is highly likely that Rooftop Balloons will continue retain this competitive advantage well into the future. The range of inflatables and equipment offered with the business means minimal further investment will be required for many years to come. The asking price for the business is well below the replacement value of the existing stock and equipment which makes this a great buy. Further, training is also offered in all aspects of the business to enable the new business owner to be successful in this exciting venture.
History
The business was created in 1987, locally manufacturing Rooftop advertising balloons for purchase and hire by local Perth and WA regional businesses. I took the business over in 2010 at which time it was located in a leased premise in Midvale, and later moved it to anoter workshop in Bentley. In 2020 I moved the business to my home address to enable me to focus on growing another engineering business, and currently supply and hire my existing inflatables as well as inflatables made in Sydney or oversees to local customers on weekends.
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