Party Plus is a leading South Island marquee and events rental company with over four decades in the industry — a business with the expertise and resources to help make events successful.
Proudly locally owned and operated, with branches in Invercargill and Queenstown, its varied product range includes marquees, furniture, lighting, sound, heating, catering and toilets.
The business provides quality equipment and services and takes pride in having the largest and most up-to-date range of equipment available for hire in the south.
The business assets are valued in excess of $1.3 million. Turnover is in excess of $650,000; as events come on stream once again, the owners look forward to matching pre-Covid days when it topped $1 million.
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Steve, owner for the past 40 years, says: “This has been a wonderful business for us.
“We have kept up with the changing trends and thoroughly enjoyed the diversity of clients between Southland and Queenstown.
“We have worked hard but this business has provided a great lifestyle for my wife and me, and our family.”
The Invercargill site is staffed with a manager and staff. The Queenstown site is currently operated by the owners. In the past, it has also been staffed, with the owners overseeing the operation across both regions.
The staff includes marquee specialists who have been with the business for more than 20 years.
Party Plus is the largest stockist of marquees in the area, and with a large range of sizes available, can cater to anything from small functions through to events with close to 1000 people.
The marquees are used for functions, weddings, A&P shows, motor racing events and conferences.
There are excellent leases and good systems and structures in place for a new owner, as well as forward bookings totaling $300,000, so the hard work has been done.
Party Plus has many regular clients, who are chomping at the bit to have their regular events up and running again.
ABC Business broker Donna Harpur-Swain, who is marketing the sale, says: “This is a huge opportunity for someone to come in, purchase the assets of this well-established, long-standing business, and reap the rewards from the hard work the owners have done to keep it going over Covid. The owners need to retire, but the future is looking very bright for the business.”
Party Plus is priced at $1.4 million plus GST if applicable. This includes $1.3 million in assets.
Contact: Donna Harpur-Swain, ph 027 220 3368, [email protected]
— Article supplied by ABC
