Corporate & Private Events Management Business Multi Venue for Functions, Parties & Weddings Riverside Setting on Superb Luxury Yacht
Ref.CO162
Location Fantastic Docklands
Asking Price £1,975,000
Business Profile
Ref.CO162
Location Fantastic Docklands
Asking Price £1,975,000
Business Profile
This opportunity is a quite superb and unique successful event management company that specialises in arranging functions for corporate and private clients on board this Super Yacht.
Exceptional events are organised in this high profile location in London. An established profitable business, this exclusive business opportunity includes the added bonus of a high value, moveable asset. The owner has invested in excess of £1.5M on improvement and maintainance of the yacht. This stylish multi function venue can cater for parties up to 60 plus five berths sleeping 10.
The business operates on a low overhead basis run by a management couple who reside in the yacht’s staff quarters, a chef and additional staff are also recruited subject to the lucrative events calendar. An Events Manager is employed on a remuneration package directly related to the functions that have been booked.
This is a thriving, creative and highly profitable management run business that is ripe for further development. The annual turnover is now reaching in the region of £400,000, and after expenditure we are advised that the profits for this business are exceptional.
A FANTASTIC OPPORTUNITY NOT TO BE MISSED
Key Strengths:
1. Unique lifestyle opportunity with limited overheads and excellent profits
2. Excellent investment opportunity - management team in place
3. Huge potential to build on current annual sales
4. Great location but with the flexibility for re-location if required
5. Exceptional fixtures and fittings throughout
Growth and Expansion:
The business is run on a low key basis via word of mouth repeat bookings and a website. Little additional marketing has been done due to the fact that the owner manages the bookings and financials hundreds of miles away from the business location. A hands-on owner living within a closer proximity would find it easier to pursue the obvious expansion possibilities. Although currently permanently moored, new owners may wish to look into the very lucrative market of chartering the super yacht. We are informed that the yacht is sea worthy, so this market could be targeted subject to all the necessary regulations.
We are advised by the owner that a turnover in the region of £1M could be achieved.
Financial profile:
The business and the super yacht are being offered for sale on a going concern basis. We are advised that the anticipated income for the current financial year will be in the region of £400,000. The business and yacht are held in a Limited company and in depth management accounts can be provided to all interested parties.
The vendor has recently agreed to a mooring. The annual fees to include electricity are £24,000 + VAT. Originally the mooring was held on a three month rolling basis but the vendors have recently signed a yearly agreement.
All financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
