Dallas Communications & Events Management Firm
Not Disclosed, TX Not Disclosed
Dallas - Fort Worth Metro Area
Seller's Contact Information
- RE: Dallas Communications & Events Management Firm
- Contact: Dr. Nolan Duck
- License #: #9002607
Quick Facts
| Asking Price: | $1,525,505 | |
| Annual Revenue: | $1,215,041 | |
| Net Profit: | $516 | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1990 | |
| Employees: | 6 | |
| BBN Listing #: | 246442548 | |
| Broker Reference #: | EVENT-MGMT |
Business Overview:
This Dallas / Fort Worth-based company has been in business since the early 1990s. Currently, the company specializes in Corporate Events and City-Wide Conventions, and Trade Shows ranging from 5,000 to 15,000 attendees. The firm works with National Associations that depend on them year-round to handle all the details of their conferences, events, and meetings and Fortune 500 clients who engage them for special events, training, and conventions. About eighty percent of the firm’s clients are association based and are on retainer. Another twenty percent of their business comes from corporate clients who engage them for special events.
The company has shown consistent growth over the years. In 2020 and 2021 the company’s financial performance was affected by the COVID-19 virus and the Adjusted EBITDA fell to $303,826. The company has rebounded. The average Adjusted EBITDA for the last four years is $508,505 and the company is offered at 3 times the Adjusted EBITDA or $1,525,505.
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Property Features and Assets:
Leased office.
Market Competition and Expansion:
This management firm works with their clients as they consider locations and conducts site visits with the client. They meet with hotel personnel and the vendors at the location and prepare an Operational Timeline. Based on the review, the team develops an Operational Plan that outlines how all the players and pieces fit together. This Operational Plan is communicated and followed during the event and serves as a Playbook for the Event. This process saves the client more than enough money to cover the firm’s fee and gives the client not only a well-run event but an experience to remember. The firm manages approximately fifty events of all sizes each year. This process is followed with each client to ensure the success of the client’s event and to create experiences that continue to communicate the client’s mission and goals well after the event has been successfully concluded.
Reason for Selling:
More time with family & other investments.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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