Total of 18656 firms and businesses for sale today Saturday 27th April 2024
Sold. Leading Suppliers Of Audio Equipment To The Music Industry For Live Concerts And Festivals
LISTING DETAILS
Firms For Sale ID:
8011
Vendor reference:
AI024
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£430,000
Stock included.
Stock included.
Turnover / revenue:
£365,000
Net profit / cashflow:
£100,000
Years established:
30
Number of employees:
4
OTHER DETAILS
Reason for selling:
The current owner wishes to ease himself into retirement.
Support and training:
The current owner will fully assist with all hand over and training to ensure a smooth transfer of the business to new owners – and would consider an on-going Consultative role in any organization acquiring the business, subject to negotiation.
Business is relocatable:
Yes
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
Premises:
With its extensive stock of equipment stored in a rented warehouse nearby, the business currently operates from a home office environment. Whilst the warehouse facilities almost certainly could be secured by new owners, the operational base will be required to be re-located. With all trading being done remotely – by telephone, e-mail or in person at the offices of production Companies, on-site etc, this will have no impact on its trading position whatsoever.
The current warehouse is secured on an ad hoc rental basis. Including a small workshop facility for the maintenance equipment the warehouse is approximately 4,500 square feet in all. Rent is £10,200 per annum including Rates and electricity.
BUSINESS DESCRIPTION
Leading Suppliers of Audio Equipment to the Music Industry for Live Concerts and Festivals
Ref.AI024
Location Cambridgeshire but relocatable
Asking Price £ 430,000
Built around the current Owner’s thirty years’ experience in the industry, this business is one of the oldest established providers of audio equipment to the music industry. Concentrating very much on the ‘professional’ end of the market, this business has a Client list that features some of the biggest international music stars having provided equipment to an array of leading acts as diverse as Depeche Mode, Bob Dylan, Rat Pack, Madness and The Pogues – and at some of the biggest live concerts and festivals worldwide.
The range of hardware this business can supply is the most extensive and modern available including consoles, amps, crossovers, speaker boxes, microphones and monitoring and outboard equipment from most of the leading manufacturers in the world including Shure, L-Acoustics, Lab Gruppen, Denon, DBX, Behringer, Beyer and AKG. Working on UK, European and even Worldwide tours, this business can supply sound equipment from a single microphone up to a full concert arena system and beyond. In addition, the business has access to the very best professional technicians to ensure the optimum results are achieved from the equipment supplied.
Operating from a home office environment with stock held, when not out on tour, in a large warehouse nearby, this business prides itself on its unrivalled product knowledge. Very well known in the industry, this business carries a wide range of equipment in stock and if a particular piece of equipment isn’t readily available will use its wide range of music industry contacts to find it. With its unrivalled reputation, it is in the best possible position to give totally unbiased advice and is able to offer the most appropriate equipment for a particular requirement – always avoiding the potential for under specification and taking into account the power requirements placed on any particular venue. This combination of product knowledge, great service, a wide ranging equipment portfolio together with the ability to source to meet specific requirements has established this business as a genuine market leader, ensuring Clients return time and time again.
Expansion Potential
There is an outstanding opportunity to build on the existing services and customer base of this business. With a strong demand for its services combined with a capacity to increase turnover, a new owner contributing fresh ideas and investment in resources, particularly in the areas of sales and marketing will have every advantage of building on an excellent platform.
Whilst this business has a vast array of equipment at its disposal there is no doubt by investing in additional equipment would reduce the volume of equipment the business has to buy in from other sources – with a significant impact on turnover and profitability.
Similarly whilst this business could be an excellent bolt on for a lighting, video or transport specialist, there is the possibility of using the acquisition of this business as a spring board to creating a full service concert company – a ‘one stop shop’ for all the hardware required to stage major live entertainment events.