Lucrative Event / Party Hire Business

Hire businesses such as this rarely come to market however now that the owner wishes to retire, paves a way for a keen new owner to step into this lucrative industry and continue to build on the success of this little gem.

Diversification into smaller markets during the pandemic opened new opportunities and brought about new, ongoing business. Demand has been strong due to the resurgence in events post Covid plus the acquisition of new clients has resulted in consistent growth.

Advantages of this business include:
- The opportunity to purchase equipment once and enjoy repeated hireage, leading to great profit margins.
- A ready source of new equipment available, eliminating supply chain issues.
- Serving both the B2B corporate/events market and the B2C market (weddings, parties, etc.).
- Low wage overheads as contractors can be utilised when needed.
- Vendors willing to assist with a smooth handover.
- Enormous potential for growth in a multi-billion-dollar industry.
- It is a cash cow business, making banks likely to view it favorably for loans due to its high tangible content.

The owner is retiring and has priced the business very realistically to sell. The asking price is negotiable, and it includes assets/stock valued at $156,600*.

If you are interested and would like more information about this business, please visit the Barker Business Brokerage website, search reference number 3377 and submit the online Confidentiality Agreement. Once Richard receives your expression of interest he will be in touch regarding further information about this opportunity.

Source of information - Supplied by the Business Owner. Copyright Barker Business Brokerage 2024.

Agency reference #: 3377