Owner Financing is Available!
Business Overview:
The Hatteras Group is pleased to represent an award winning, full service public relations firm located in the Southeast and serving clients in a variety of industries. Located in one of the largest and most desirable business markets in the Southeast, the company serves local, regional and national clients. The firm has specialized in PR, and only PR, creating impressive results for their clients and an exciting acquisition opportunity.
Despite the recession, the firm has grown revenues by 39% during the last 3 years with growth expected again in 2011. With no single account representing over 10% of revenues, the firm serves a diverse base of clients across a range of industries from government and non-profits to technology, sciences, financial and healthcare related companies.
Acquisition highlights include: 7 year history of growth and profits; Key Staff to remain with new ownership; business has been Built to be Sold; 2010 Revenues of $1.6 Million with EBITDA $547,000; EBITDA 34% of revenues.
Ownership established and grew the business with plans to sell and exit, so key processes and procedures have been documented and key staff is in place to insure that the business will continue to grow and prosper as it has for the last 7 years. They have engaged our firm to identify other agencies, ranging from another PR specialist to full service advertising and marketing firms, who would benefit from acquiring a business like this and leverage their clients and expertise into new growth opportunities.
We are representing the business without an asking price,
encouraging interested parties to evaluate the opportunity and
make suitable proposals. Ownership has reasonable
expectations that include taking a significant role in the
eventual transition to new ownership.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
FF&E of $50,000 along with $180,000 of Net Working Capital (i.e. AR) is included in the asking price.
Class A office space, leased form Seller and owned separately.
Management Training and Support: Seller will support as needed through a transition period of 6 to 12 months, expected.
Market Competition and Expansion:
Despite the recession, the firm has grown revenues by 26% during the last 3 years with growth expected again in 2011. With no single account representing over 10% of revenues, the firm serves a diverse base of clients across a range of industries from government and non-profits to technology, sciences, financial and healthcare related companies.
Market Outlook and Competition: This represents an excellent opportunity for another PR agency to expand their reach into a new market or an advertising agency or extend their services with the proven processes of this specialized PR firm.
Reason for Selling:
Retirement, exit planning.
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.
Resources: