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Businesses For Sale > Business For Sale in Fantastic Docklands, UNITED KINGDOM - UK (UK)

CO162-Docklands-£2.750,000-Corporate & Private Events Management Business for sale in Fantastic Docklands, UK

Fantastic Docklands, UNITED KINGDOM - UK (UK)

Asking Price: Gross: Cash Flow:
£ 2,750,000 £ 400,000 Undisclosed

Business Summary:
Corporate & Private Events Management Business Multi Venue for Functions, Parties & Weddings Riverside Setting on Superb Luxury Yacht Ref.CO162 Location Fantastic Docklands Asking Price:O.I R.O £2.750,000 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

 

   
Facilities / Terms of Lease: This distinctive yacht is currently moored in the Docklands, at a vibrant Marina in the heart of historic london that attracts both business and private enquiries to this unique venue. Benefiting from some of the best transport links in London and is within close proximity to the financial district of Canary Wharf. Boat Specifications: This first class yacht was built in 1975 by Camper & Nicholson, who are the global leader in the luxury yacht market. Full specifications are available.  
   
Potential Growth/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.  
   
Reason for selling: This is a genuine retirement sale, and with the owner currently residing in the north east of the country he feels that the time has come to sell the business.  
   
Seller Reference Number: CO162
BusinessMart.com Listing Number: 143628
 

 

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For more info contact:

Andrew Hudson

Turner Butler
01895 25 6000

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