Sold
Relocatable Hospitality/Events Company for Sale
Chippenham, Wiltshire
- Asking Price: £22,000 +SAV
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Turnover:
The business generated a turnover of circa £34,000 as per the 2021-2022 accounts. Further financial information can be made available upon request. The projected turnover for this year is £40,000 based on the last 1/4 trading with average spend considerably higher than pre covid.
Please quote reference B06190
- Tenure: Leasehold
Please quote reference B06190
Hilton Smythe are delighted to welcome to the market The Little Balloon Company, which was established over 20 years ago, with our client taking over in 2012. Only now does the business come to market due to family health issues.
The Little Balloon Company trades as a balloon design and gifts business, catering for all types of events including weddings, birthdays, baby showers, anniversaries, store openings, promotional events, etc.
Our client currently uses a simple and convenient booking system, with bookings already being made throughout 2022. There is ample scope to expand the current workload, with our client advising that the business could benefit from having another balloon artist, to fulfil more orders.
The business has seen booking values increase since COVID with sustained profit margins and is able to generate income throughout the week not just weekend work.
Due to the long life span of the trading name inthe area the business benefits from having 100% if its orders generated via; a large repeat customer base, word of mouth, recommendations from venues and wedding planners or website/instagram enquiries. The business does not need to advertise as these sources of sales generate a desired workload for the current owner but there is easily scope to increase workload should the new owner wish to.
The business receives regular orders from many local 5* hotels and is recommended by many venues in the area. The business is also the recommended supplier for the area with 2 nationwide companies that sub-contract work to them every year.
The business is being sold with a vibrant and easy to navigate website. The website is a self-managed free website that is at the top of google searches and has many 5* reviews on Google and Facebook. The website is also now ready to have e-commerce added and expand into online sales if that is something the new buyer wants to look into.
- Website - https://thelittleballooncompany-wilts.weebly.com/
- Social Media accounts on Facebook and Instagram - https://www.instagram.com/thelittleballooncompany
- A fully branded Nissan NV200 van would also be available upon purchase.
- A portfolio of nearly 2,000 photos of work which the new buyer will be able to use for branding and sending to customers.
- Inflation equipment and installation equipment including various balloon sculpture frames and faux foliage.
- Long standing trade accounts with the countries to balloon wholesalers.
There are many reasons to buy The Little Balloon Company including:
- A profitable turn-key business
- Excellent reputation
- Bookings secured for 2023
- Addition of supplying more lines
- Employing another staff member
- Contacting more venues for partner referral
- Increased advertising
Our client has advised that she would be happy to provide a handover training period for the new buyer, subject to negotiation. This will help with all the introductions necessary to venues, suppliers and long standing customers. As the business has supplied some customers for over 10 years, they have built up excellent relationships. Our client has also stated that she can also work freelance for them after the sale, should the new buyer be interested.
Viewings are by appointment only and are to be arranged via Hilton Smythe.
This business is owner run and managed.
Approximately 20 hours per week generating current turnover.
The business is located on the edge of the desirable Cotswold area in Brinkworth and is well positioned to cover a large area of customers. It has succesfully relocated a number of times since the business began. As much of the current workload is venue based the actual location of stock and equipment can be modified fot the owners convenience.
Rented office within the Brinkworth House Business Centre, but has previously been run from home office/garage.
Tenure
The business currently pays £480 per month for the office space. This is on a rolling lease. The new buyer could look to continue renting the office space, or relocate it.
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