Young Entrepreneurs raise £1.5million investment in times of recession for East London landmark events venue

Two young entrepreneurs, aged 26 and 23 have generated a whopping investment of £1.5 million from local business angels to reopen one of East London's most eye catching and landmark buildings, the E10 in Leyton, armed with a daringly competitive business & pricing model for corporate and private events.

London, UK (PRWeb UK/PRWEB ) June 5, 2009 -- Shezad & Farhaan Patel of Forest Gate, East London have taken a winning idea to investors to take over the tarnished E10 building on Lea Bridge road and rebrand it with a community appeal as an events and community programme venue, reinventing the well known landmark site to 'The Starlight Suite'.

Landmark East London Building Reinvtented - The Starlight Suite

There is a definite need in the local and wider area for a venue that can host the private events, weddings and functions people want to have, but at a price that is within reach of the people we are serving, the residents of East London

Raising the cash to take over the Building and renovate it to the plush and pristine standard we wanted was tough, but we finally found investors who shared our vision for the E10

Our pricing strategy reflects the current economic situation. The cost of hiring has been intentionally kept competitive because we want people to consider The Starlight Suite as a feasible option for their party, event or gathering

However, this does not mean we are providing a sub standard service. We have designed the Starlight Suite to reflect what people want, not just what they can afford.

unlike any that East London has seen before

The Starlight Suite is also attracting a lot of attention by event management firms who see masses of potential and profit in hosting events at a venue that is comparable to 5 star quality conference halls. Furthermore, an industry first unique fixed price deal which enables organisers to retain all monies from the door and also 100% of revenues generated from the bar have proven popular with entertainment based events companies. Prices for event organisers start at a daring £999 for a fully inclusive service.

The Investment has allowed the Starlight suite to be equipped with state of the art audio visual equipment, a lush and impressive interior and quality fittings and furnishings to really turn the venue around from what it was.

"Our pricing strategy reflects the current economic situation. The cost of hiring has been intentionally kept competitive because we want people to consider The Starlight Suite as a feasible option for their party, event or gathering," adds Farhaan Patel, 26, Director of Business Development. "However, this does not mean we are providing a sub standard service. We have designed the Starlight Suite to reflect what people want, not just what they can afford."

Since its trial opening in May 2009, the Starlight Suite has seen a massive growth in popularity and usage. The Directors have also budgeted their investment to open a high end Indian Restaurant and Dessert lounge "unlike any that East London has seen before", adds Shezad.

For more information about the Starlight Suite, Farhaan & Shezad Patel, and their venture visit the east london wedding event venue hall or contact Farhaan Patel on +44 7940588899. The Starlight Suite welcomes visits from companies and the public alike.

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