business for sale

Professional Mobile Bar Services Events booked through to December 2008

Businesses for Sale

Sale Memorandum

Professional Mobile Bar Services

Events booked through to December 2008


Ref.ID014

Location Hampshire

Asking Price £ 75,000

Confidential offered for sale

Asking price £75,000 + Stock at valuation

Asking price includes:

Sales of circa £ 90,000 ex VAT per annum
Adj. Net profits of circa £25,000 per annum
Reputation for highest standards & reliability
Successful range of professional bar services
Consolidated customer relationships
7 years of successful operations
Finance available to buy this business subject to status. All regulated business is passed to independent financial advisors who are regulated by the FSA

Business profile:

This popular and successful mobile bar services business was founded in 2000 by the vendor with a generous combination of innovative insight and entrepreneurial spirit and has grown since to become a significant enterprise with a reputation for the quality and reliability of its services.

This professional business operates mobile bar services, throughout the South of England, and caters for all sizes of event from small gatherings such as family parties and weddings through to larger organised public events.

The business is currently has bookings through to December 2008.
The business maintains more than sufficient equipment and staff to operate from many events on the same evening and have never yet disappointed anyone on availability and is also a preferred supplier to a number of local institutions, who appreciate the high standards of service and it is this professional commitment that helps ensure the success of all events.

The business operates from a home office location in Hampshire and has dedicated itself to providing exceptional mobile bar services, maintaining consistency and service. The vendor has found operations easily maintained from this base and has the technical and supply capacity to meet all demands well within current operations.

The business is further supported by exemplary relationships with key suppliers who have helped to ensure that services are never compromised and that customers are never let down. This commitment to supply relationships has underpinned this business’s abilities in service quality and rapid business growth.

No small part in the ability of this business to grow and sustain its profitability is due to the quality of its people. The business is easily manageable on a part time basis as the current owner also has a full time occupation. 99.5% of all activities take place at weekends!

Customer Service:

The business manages many customers in any normal weekend including private clients for functions such as weddings, outside events and party functions and has the systems, processes and people to ensure that both profitability and customers’ needs are satisfied.

The most important aspects of customer management and satisfaction considered by the business are honesty and reliability which is responsible for the business retaining many customers and the reputation for which has led to the acquisition of new customers.

Key Strengths:

The business is an autonomous organisation where the business owner has, over time developed and nurtured a team capable of overseeing business operations effectively, reducing the need for constant input from the vendor; resulting in customer relations founded on trading satisfaction and not any particular relationship with the vendor.
The business is well established with good margins, and a strong, growing customer base, happy with the business’s professional services. The business retains a high level of repeat business, particularly among a number of core venues retaining their services on a regular basis having done so from the commencement of trading.

The company has earned an outstanding reputation for its honesty, service, reliability, efficient job completions and ability to service multiple events, cost control and highly skilled, experienced staff.
Growth and Expansion:

The current market for this business is very stable and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth simply by means of a more proactive sales approach. The existing owner simply has not the time or desire to expand further currently as he has reached a comfortable position which can be managed on a part-time basis.

Business operations are not at maximum capacity and there remains considerable scope for an increase in sales turnover and profit simply by gearing operations in line with current market demand.

Key Opportunities:

This is an outstanding opportunity to build on the existing services and customer base of this company. With a strong demand combined with a capacity to increase turnover, a new owner contributing fresh ideas will have every advantage of building on an excellent platform.

This business maintains an extensive base of satisfied customers, who appreciate their superior services. There are many excellent avenues for growth, especially with operations capacity, an investment in marketing & sales including the continued development of the company website and market forecasts which are showing trends for growth.

Technology:

The systems set up to operate and control this business are easily transferable to a new owner being set up on a windows platform utilising word and excel spreadsheets. This provides ongoing visibility of sales and profitability to ensure that margins are not eroded and costs are controlled.
Premises:

The business is easily managed from a home based office and garage in Hampshire.
Advertising and Marketing:

The business has used limited advertising in the past and there are excellent opportunities to increase this in line with investment in marketing and sales to new and other regional markets and market the business more aggressively to significantly increase turnover.

A high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation.
Financial profile:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

The business is financially stable with no borrowings, low overheads; positive cashflow enjoys a strong order book, good gross and declared net profits of circa £20,000 per annum and has shown successful growth since trading began.

Sales revenue has hit £50,000 in the first 5 months of this year, 20% ahead of last year, and our client feels that with exploitation of operations capacity and any increase in market demand the business could dramatically increase its revenues if desired. Some business is currently turned away.
Employees:

The business employs the vendor and flexible numbers of people in accordance with operational demand; all operatives are skilled and experienced, and along with the vendor are responsible for day to day operations.
Assets:

The sale includes all the necessary assets to operate the existing business inc. Mercedes Sprinter Van, 8 Multi-head Draught Beer Rigs, 8 Chiller Cabinets, Glassware, Optics and all the ancilliary items required.

Support and Training:

The current owner will provide all necessary training and all relevant contacts to allow continuity of trading and is prepared to assist in further sales development for a 3 month period if desirable.
Reason for Sale:

After 7 years of contented trading, the business is for sale as result of the vendors’ wish to commit fully to other unrelated business interests.
Turner Butler Disclosure Statement:

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner & Co (GB) Limited registered in England and Wales under company no. 2477988 of registered office Savoy House Savoy Circus London W3 7DA, trading as Turner Butler © Shaun Sweeney October 2006

Next steps

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