- Very Profitable Event Services & Recycling Business with Major Events Nationally
- Australia Wide, Gold Coast
- $1,420,000
- ID2230
- RevenueEvents confirmed and contracted FYE 2023 over $3 million
- Net ProfitEBITDA 6 Months (July – Dec 2022) $420,000. FYE 2023 Budget $700,000 Plus
- IndustryHome Based, Service
Summary:
A full event services group, also assisting in supplying staff to set up events by the way of setting flag poles, crowd control barrier placement and ropes, and any light duties where a client may need assistance.
The majority of its work is undertaken for the highest-profile events around the company
They cover special events cleaning, waste removal, and waste management services to major sporting events, carnivals, concerts, and many other events.
They have long-term contracts of between 3 and 5 years with all event organisers and local councils, major clients, long term agreements with other clients stretching over the past 30 to 40 years.
Event managers from around Australia use this company regularly. It should also be noted that the company has current domain names in New Zealand.
Have a read of these numbers with the growth and return of crowds to the events they look after’ July to September first quarter, $521,372.54, October to December second quarter, $604,034.12, the first month to date of 3rd quarter, January only $238,821.65. The total so far for 22-23 is $1,364,228.31. Given 21-22 totals were $1,236,369.35, they will have a major increase in sales and profits for 22-23.
Talking with the owner recently the wages costs for the first 6 months were $633,205 and other overheads are around $100,000 for six months so the half-year earnings before interest, Tax, and Depreciation will come in at $420,000. The next six months are looking very similar with booked events and all contract work for 2023 has a CPI increase of 7%.
Remember this is all contracted income for 3 to 5 years with CPI.
Potential:
Other services could be offered for each event.
Skills:
Fully staffed and supervised – owner spends 9 hours per week in the business.
Hours:
Events run at various times and are staffed and supervised by the team.
Lease:
Run from a small office on a month-by-month tenancy. The owner does a couple of hours on occasion from home as the business can and does operate totally mobile with laptops and Wi-Fi.
Employees:
The business has a main administration manager, office operations manager, 5-6 events site managers, as well they have supervisors in areas where jobs are active. (For instance, Canberra large events zone supervisors totaling 12 plus main site managers).
Reason For Sale:
Retirement
More About The Business:
After 40-plus years the business is very well known and continually asked to provide event services year In and year out. Contracts are signed with CPI increases each year.
Apart from the website, the business does not need to market itself by relying on its reputation and service.
Due to regular work, they don’t need to market or advertise, and in fact, they have never advertised or done any general marketing for jobs. They do however target events around their main jobs list calendar. This calendar shows them that they can control the quality of work at each event they attend.
Talking with the owner yesterday wages costs for the first 6 months were $633,205 and other overheads are around $100,000 for every six months so the half-year earnings before interest, Tax, and Depreciation will come in at $420,000. The next six months are looking very similar with booked events and all contract work for 2023 has a CPI increase of 7%.
The good news is the price remains unchanged so compare that return with anything that’s available in the market.
One of the dominant players in this sector this business ticks all the boxes and is a very high-quality opportunity.
History:
Established and owned for over 40 years.
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