Party Hire - Events - Hire Industry - Party hire - Hire Industry - Events - Long established and profitable. - SFG1103

About the business

Party Hire - Events - Hire Industry - Central Coast - Agent SBX Code Number: SFG1103

Hire - Party hire business - event supplier specialising in home based and business parties. For any celebration from birthdays through to weddings, this long established party supplier has a vast array of equipment fit for any function. The extensive catalogue of items includes crockery and cutlery, tables and chairs, dance floors and flooring and a range of marquees. In addition to these standard offerings are more specialised catering items such as pie ovens, hot dog, pop corn and slushy machines, mobile cool room and industrial grade eskies. For entertainment and atmosphere purposes, lighting, jukeboxes and smoke machines are also hired. The business is largely weekend based involving the supply and pick up of the hired items with the utilisation of casual labour in addition to the owners input.

Potential
Further enhance social media marketing. Develop B2B relationships with event planners. Register further business names to channel further business.

Features
Well established. Large variety of equipment. Repeat customers. No special skills required. Simple attractive website.

Premises
All equipment currently housed in a modern warehouse in new industrial estate comprising approx. 400 sq. mts.

Location
Party hire company servicing Central Coast and Newcastle regions

Trading Hours
7 days, 7.00 am to 9.00 pm.

Lease
Current lease expires January 2024 with a 3 year option. 3 month bond together with CPI annual increases.

Employees
1 owner plus 2 casuals

Comments
The party hire industry is now in full recovery mode with strong projected outlook after the lockdowns of the pandemic. This family owned business is well established with a 20 year + history of success and profitabliity. With the serviced population continually increasing, this business is primed for continued strong community support. Part of the appeal of this provider is that the equipment is included in the purchase, estimated at over $120,000 replacement value, and makes the business suitable for childrens parties through to weddings. There is no reason as to why the business should not receive work every week of the year. As people who work in the industry know, good private access is critical for ease of operation for set up and delivery, and the Central Coast and Newcastle areas are ideal for this style of enterprise. As an added benefit casual contractor would be happy to continue duties and appropriate training will be provided. A Mitsubishi Fuso 2016 delivery truck is available by way of separate negotiation in addition to purchase price. Misc- 1 - social media advertising. Misc- 2 - sundry expenses.

Figures
Weekly Sales $5200
Rent (ex GST) $420
Wages $420
Profit $3465


Agent SBX Code Number: SFG1103 - SBX Business Brokers