Well-established Wedding Hire Business with Huge Growth Potential

$350,000

Traralgon East VIC 3844

Services

BUSINESS FOR SALE

400m2

    • Franchise No
Phone enquiries - please quote property ID 32877.

This well-established wedding hire business located in Traralgon East, Victoria has been providing unique furniture and tent rentals for 8 years. Specializing in weddings with 80-150 guests, this business also offers giant Tipi and marquee rentals for a variety of events. With delivery, setup, and pack-up services included, this business provides a hassle-free experience for its clients.

This seasonal business typically operates from Thursday to Sunday and is most profitable from September to April. With some advertising and potential expansion into things such as winter events, there is potential for year-round work. This business would suit an enthusiastic sole trader or a couple looking to develop their own business and potentially work for themselves. It would also be suitable for someone looking for part-time weekend work with basic skills in bookkeeping, inventory management, and customer service.

Included in the sale of this business are 3 turbo diesel vehicles, 2 purpose-built trailers, 4 giant Tipis, over 350 chairs, 14 lounge suites, peacock and cane furniture, bar tables and stools, 20 bespoke timber tables, rugs and cushions, and lighting and poles. The sale also includes the business's website and social media presence, tools and equipment for setup, and optional items such as 3 40ft GP shipping containers and 40ft x 40ft container dome enclosures.

This business has a steady turnover and gross profit margin of 50%, which can be increased with more hands-on involvement from the new owner. The annual turnover has been consistently growing since the business's inception and is expected to continue with further product expansion.

There are numerous opportunities for growth and expansion within this business. With the potential for event and wedding planning packages, pop-up events, commercial events, and servicing public events, the possibilities for growth are endless. The business's current focus is on vintage-themed events, but there is room for expansion into other styles such as modern, coastal, etc. With the addition of new products, the business's turnover could potentially double. The business could also be expanded into furniture removal and transport during the quieter months as the infrastructure and equipment already exist to generate additional income.

The location of this business is central to their typical clientele, stretching from Melbourne to Lakes Entrance. However, there is the potential to service clients further away. The premises, located on a private, gated property, are easily accessible from the freeway and offer a large laydown yard for storage of equipment and vehicles.

There are no long-term leases associated with this business, as the yard is freehold and the buyer can decide whether to purchase the shipping containers and associated hardware from owner and set up on their own, or lease the space from owner and operate from the current location.

This business for sale is a huge business opportunity and endless growth potential, perfect for a high-ROI investment and those who are seeking continuous income-generating businesses! Enquire now!

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