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Entertainment Services

Entertainment Services; Auckland, Wellington, Christchurch; Multiple Markets; Short term hire

$250,000 - Christchurch

#100918

detail

In six years this business has rapidly grown to be a leading national player within its market. Whilst the business is currently owned by a Canterbury resident, the systems in place and existing geographical markets ensure that the owner could live in any one of the three main centres that the business provides services in. The business has a reputation for providing excellent products and service to both commercial and consumer clients.

Highlights

  • Established and profitable
  • Comprehensive systems & processes
  • Market leader; business could be licensed or franchised
  • Product hire model; buy it once and be paid multiple times over
  • Strong list of key and repeat clients
  • Skilled team of part time & casual employees/contractors
  • Product/services can be linked to a wide variety of events
  • Significant opportunity for Auckland based buyer
  • Vendor can continue to provide technical advice and remain a supplier to the business
  • Price includes $125,000 of stock & plant
  • Vendor only works 10-20 hours per week

The business leases product on a short term basis for use by attendees at events. The products/services provided are supported by an establishes network of part time/casual employees/contractors, and there is opportunity to increase the utilisation rate of the current plant & equipment. Further expansion opportunities by expanding into regional locations.

Buyer Attributes

A buyer who is:

  • technically savvy in the AV/digital imagery world
  • a photographer or someone who enjoys photography
  • a marketing/digital native/social media savvy

Any or all of the above attributes would ensure the purchaser is ideally placed to capitalise on the groundwork already established by the vendor. Some business development skills & initiative would also be useful.

Net Surplus $124,416 EBPITD

Contact: Damien Fahey
Office: Christchurch

Confidentiality Agreement for Business Reference 100918, Broker Name Damien Fahey

Between Tabak Business Sales and the Interested Party.  The Interested Party must be an individual's name, NOT a company name.

In consideration of Tabak Business Sales (being any or all of Tabak Ltd (Licensed under REA 2008) and/or Tabak Business Sales Limited (Licensed under REA 2008) and their respective business brokers) entering into discussions relating to the possible acquisition of the assets or shares of any business(es) presented to me by Tabak Business Sales and specifically the business referenced above, I/We hereby agree and undertake as follows:

  1. To treat as totally confidential the identity of the business(es) disclosed to me and any details as to its operation or financial accounts;
  2. I acknowledge that the financial records, customer and supplier details and other information relating to the business to be disclosed to me shall at all times remain the sole and exclusive property of the Vendor and that such information is of competitive value and of a confidential nature and that loss or damage would be sustained by the Vendor if such information should be used or divulged by me for any purpose other than the evaluation of the purchase of the business or should it become into the possession of an unauthorised third party;
  3. Not to disclose the identity or any details of the operation or financial accounts to any third party (except my accountant or legal advisor who shall agree to respect this requirement for confidentiality) unless expressly authorised in writing by the Vendor or by Tabak Business Sales;
  4. Not to make an approach to the Vendor of any business disclosed to me by Tabak Business Sales, or the business' staff, customers or suppliers without prior arrangement with Tabak Business Sales and to refer all queries through Tabak Business Sales;
  5. We acknowledge that Tabak Business Sales is the introducing agent, and that all offers and deposits for the business, shares or property will be conducted through that office;
  6. If, I as a potential buyer breach clause 4 of this agreement and buy directly or indirectly this business from the Vendor of the business quoted then I the buyer will be responsible for any loss of commission due to Tabak Ltd (Licensed under REA 2008) and/or Tabak Business Sales Limited (Licensed under REA 2008) as the case may be;
  7. If, I as a potential buyer breach clause 1, 2 or 3 of this agreement I undertake to indemnify Tabak Business Sales against any actions, proceedings, costs, claims, demands or liabilities which you may suffer in consequence of that breach;
  8. That all information is received for no other purpose than the evaluation of the investment potential of the business;
  9. If I decide not to proceed with the investment, I agree to immediately return to Tabak Business Sales all written information supplied by it and retain no copies and to delete any electronic records including all emails and attachments relating to the business(es);
  10. Acceptance by Electronic Mail: Execution of this Agreement and transmission between the parties by electronic signature and email response each to the other or their representative will constitute offer and acceptance and satisfy the requirements of Section 5 of the Electronic Transactions Act 2002.

Before proceeding with this Confidentiality Agreement, it is recommended that any prospective purchaser

  1. seeks legal advice.
  2. may or may need to seek technical or other advice and information.
  3. review Tabak Business Sales’ internal process in relation to any complaints.  A copy of these can be found here.
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