Corporate Event Business

Not Disclosed, MO

Asking Price: Annual Revenue:
$2,000,000 $2,067,155

Services: Business & Office Services

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RE: Corporate Event Business Broker: David Hamm

Quick Facts

Asking Price: $2,000,000
Annual Revenue: $2,067,155
Net Profit: $690,091
Cash Flow: $578,758
Total Debt: Not Disclosed
FF&E: $1,082,815
Real Estate: Not Disclosed
Year Established: 2000
Employees: 6
BBN Listing #: 70524955
Broker Reference #: 5501-15412

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Business Overview:

This company is a premier provider of turnkey, stress-free events. The business plans and puts on events primarily for companies and organizations and does a few events for individuals. The company works carefully with their client to get the details in place and then plans and puts on the perfect event to provide the client the opportunity to enjoy the event along with their employees, colleagues or customers. This business hosts hundreds of events every year and has been doing so for over 20 years.

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Property Features and Assets:

The business operates from a standalone building in an excellent and easy to access location in rural Missouri. Their building was constructed in 2015 and is located on a three acre parcel of land that is right alongside a major interstate which allows for easy access when company personnel are heading out to events. The building is composed of a nice sized office space with the majority of the space being warehouse. The space was built specifically for this business and it is equipped well for the purpose. It has 5 overhead doors and a loading dock to accommodate most sizes of vehicles for transportation of equipment to events. It also has asphalt parking and drives and chain linked fencing to provide additional security for all of the company property. The building and property are owned personally by the business owners and they are flexible in regards to what a buyer would like to do. They are willing to sell the property along with the business, lease the property to the business buyer or allow the buyer to move the business elsewhere and keep the building/property themselves. The property was appraised early in 2019 and a copy of the appraisal is available upon request for parties interested in purchasing it.

Market Competition and Expansion:

The company works and competes in the Party and Event Planner Industry. According to IBISWorld Industry Outlook this industry is expected to continue its expansion over the next five years supported by the expanding economy, additional service offerings and increasingly time crunched clients. This would put overall industry revenues at $5.5 billion by 2024 which is a great sign for this company as the business continues to gain market share and increase its offerings. There are many possibilities for growth as mentioned in the document below. There are not many competitors for the size of events that this business specializes in. However, as the company continues its strategy of working larger jobs it is becoming an expert in booking these large events and quoting them for maximum profitability while still beating its competitors. There are various opportunities for growth that the seller believes will lead to a continued increase in revenues. The seller currently works only about 20 hours per week in the business. If an new owner wanted to spend full time in the business focusing on growth of new clients this would be a quick way to boost revenues. Also in relation to this if a new owner wanted to hire on a full time sales person this could also generate additional revenues. The company does not currently do small events nor do they rent games/equipment for pickup. They get calls for this type of business every week and either turn the business away or refer it to someone else. If a new owner wanted to hire a person or two to focus on smaller local events and game/equipment rental for pickup this would be another way to increase revenues. The rental of tents, tables and chairs is currently subbed out by the company. A new owner willing to spend time on this area could purchase these items and use their own for the events rather than using a subcontractor as they currently do. This would not only create a new revenue stream but reduce the expense related to these subcontracted items. Other opportunities exist and the seller is willing to discuss this with a buyer moving forward.

Reason for Selling:

The owners are selling because they have another b

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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