Business Overview:
• Entertainment sound and lighting business is in the right place at the right time.
• 2009 Year to date sales are ahead of the same period last year.
• Great niche in this economy.
• Turnkey -- The two minority owners who operate the business are looking for an equity partner to grow the business.
Only Northwest company with both sound and lighting and an expert service department making it a one-stop shopping for event managers. Stellar national reputation company has received invitations from major entertainment acts to go on tour. Portfolio includes sound and lighting installations in landmark auditoriums, universities and capitol buildings in the Northwest. Complete turnkey operation with pro team devoted to sustainable, long-term growth of both production and permanent installation business. Loyal, expert workforce includes degreed, licensed pros. 40 years of experience and an incredible variety of jobs means an enormous, state-of-the-art inventory of equipment. 2007 - 2008 sales of $2.4 million with EBIT of $500,000. 2008 -2009 estimated sales $2.32M - Strong margins
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
The building was built in the 1950s and remodeled in the late 1990s. The original portion is concrete tilt-up and the remodeled section is wood frame. The warehouse and offices are heated by gas forced air. The building is on city water and sewer and totals approximately 10,000 square feet. A truck-high loading dock accommodates three trucks. The approximately two-acre lot provides adequate parking in front and storage behind.
Market Competition and Expansion:
The founding owner wants to retire and has been limiting the growth of the business of recent years. They once had a major presence in a five state area and the key management who wish to remain with the Company and have a minority ownership is just waiting for a new owner to join so they can develop the multiple growth opportunities. Company is positioned for growth, and the specific areas the Owners believe could be developed to take this Company to the next level.
Reason for Selling:
Retiring
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.