Years Established:

9

Business Location:

Business Location The business operates across Cyprus, with a focus on popular wedding destinations such as Famagusta, Protaras, Ayia Napa, and Larnaca. • Storage Facility: Equipment is stored rent-free at a trusted associate’s shop, providing easy access to all key locations. • Operational Reach: Services are offered island-wide, with strong relationships established with 70+ venues and wedding planners across the country.

Competition:

Competition Cyprus Dreams operates in a niche market with limited direct competition due to its specialised offerings and established reputation. 1. Key Differentiators: • Exclusive Partnerships: Contracts with 70+ top venues and wedding planners, many of which rely solely on Cyprus Dreams for their wedding supply needs. • Largest Supplier: Recognised as the largest provider of illuminated letter lights and dance floors in Cyprus. • Market Leader: Strong Google rankings, a significant online presence, and thousands of positive reviews set Cyprus Dreams apart from potential competitors. 2. Local Competition: • While smaller businesses or freelancers may offer some similar products, they lack the scale, inventory, and long-standing relationships that Cyprus Dreams has built over the years. 3. Entry Barriers: • The company’s established reputation, exclusive venue agreements, and comprehensive inventory create high barriers to entry for new competitors in this market. Cyprus Dreams is uniquely positioned as the go-to wedding supply business in Cyprus, making it the market leader with limited competition.

Expansion Potential:

Expansion Potential Cyprus Dreams offers significant opportunities for growth and expansion: 1. Geographic Expansion: • Expand services into untapped regions of Cyprus, such as Paphos and Limassol, where demand for weddings and events is growing. • Establish partnerships with additional venues and planners in these areas. 2. New Product Lines: • Introduce additional wedding and event services, such as floral arrangements, table decor, and custom signage. • Offer themed packages for birthdays, corporate events, and anniversaries. 3. Online Presence and Marketing: • Expand the business’s online presence through targeted digital marketing campaigns. • Offer online booking and personalised consultation services to attract international clients planning destination weddings. 4. Scalability: • Hire additional staff to increase operational capacity and handle more bookings simultaneously. • Invest in additional inventory, such as larger dance floors or unique lighting features, to cater to high-end weddings and events. 5. Franchise Model: • Develop a franchise model to expand the brand beyond Cyprus, targeting neighbouring Mediterranean markets such as Greece or Malta. 6. International Weddings: • Collaborate with international wedding planners to attract more destination weddings, leveraging Cyprus’s popularity as a wedding destination. Cyprus Dreams’ established reputation, existing partnerships, and operational efficiency make it highly scalable, with ample room for future growth and increased profitability.

Website:

Employees:

2

Trading Hours:

Trading Hours Cyprus Dreams operates on a flexible, event-based schedule rather than traditional trading hours. • Seasonal Peak: The business is busiest from March to October, aligning with Cyprus’s wedding season. • Average Days Worked: Approximately 120 days per year, averaging 10 days per month. Hours Per Event: • Set-Up and Collection: Typically requires 2-4 hours per event for delivery, set-up, and pick-up of equipment. This flexible operating model allows for excellent work-life balance while maintaining high profitability.

Support & Training:

Support & Training The sale of Cyprus Dreams includes comprehensive support and training to ensure a smooth transition for the new owner: 1. Handover Training: • Detailed training on day-to-day operations, including managing bookings, coordinating with venues, and setting up equipment. • Step-by-step guidance on handling logistics, such as delivery, set-up, and collection of supplies. 2. Supplier and Partner Introductions: • Introduction to key suppliers, wedding planners, and venue partners to maintain existing relationships and ensure seamless continuity. 3. Marketing and Business Development: • Training on utilising marketing materials, managing social media accounts, and optimising the business’s online presence. • Guidance on developing and expanding new business opportunities. 4. Ongoing Support: • The current owner is available for consultation and support for a pre-agreed period post-sale to address any queries or challenges.

Relocatable:

Business Relocatable

Reason For Selling:

Reason for Selling The decision to sell Cyprus Dreams is due to personal circumstances. The business has been family-run, but with the owner’s father now 74 and unable to assist with the physical aspects of the work, and the owner navigating a separation, the focus has shifted toward family priorities. While the business could continue with staff in place, the owner has chosen to sell to allow someone else to take the reins of this highly profitable and growing venture. The sale is motivated purely by personal reasons, not business performance, as Cyprus Dreams remains successful and poised for further growth.