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For Sale

Wedding & Event Hire Business - Unique Tipis

Melbourne, Victoria

Summary


  • For Sale
    Status
  • Melbourne
    Location
  • Victoria
    State
  • $550,000
    Price
  • Entertainment Function Centre Hire/Rent Home Based

Features


Description


A highly profitable seasonal business that generates 95% of its revenues from September to March (ie. business has been largely unaffected by COVID-19 and the government enforced restrictions). TipiKata offers tipi style tents for hire predominantly for outdoor weddings but also for a variety of other events. Provides an exclusive, exciting and visually stunning alternative to traditional marquees and other types of temporary structures.

Further, this business is a 5-day per week business with no weekend work. Setup/ install is generally done on a Thursday/ Friday, disassembly and collection is done on a Monday. Fantastic business that would suit a diverse range of professional backgrounds, experience, and skill sets.

SNAPSHOT
- Sales FY19 $555,000, FY18 $390,000
- Adjusted Net Profit FY19 $236,000
- Forward bookings (September 2020 onwards) are strong and growing
- Asking Price $550,000

OVERVIEW
- Business founded in 2012, has experienced strong and consistent growth
- Since purchasing the business 3 years ago the current owner has successfully grown the business in to a thriving family run event business
- This business is Victoria’s leading giant tipi hire business providing high quality, attractive tipi style tents
- The hire range includes a unique wooden furniture range, open fire places, additional lighting options and dance floors

STRENGTHS/ BENEFITS
- Strong web and social media presence
- Terrific team of experienced and dedicated staff for assembly and dismantling of tipis before/ after events
- 5 day a week business
- High profit margins
- Very strong forward bookings
- Excellent marketing collateral, systems, and processes
- Extensive range of Plant & Equipment included in asking price

REASON FOR SALE
- Current owner has some health issues that are restricting him from keeping up with demand and growing the business further

Please contact Cameron Ryan on 0411 145 114 for a confidential discussion about this business or register your interest by submitting your details via the 'Contact Broker' section of this page. Please quote reference BR1385.