Leading Midwest Running Event Company

Not Disclosed, IN


Asking Price: Annual Revenue:
$600,000 $630,450

Recreation: Entertainment


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RE: Leading Midwest Running Event Company Broker: Michael Berry

Quick Facts

Asking Price: $600,000
Annual Revenue: $630,450
Net Profit: Not Disclosed
Cash Flow: $179,399
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2009
Employees: 1
BBN Listing #: 755341635
Broker Reference #: 3953-979202

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Business Overview:

Midwest based event management and production company with over 20 years of producing successful running events ranging from one mile to ultramarathons across 11 different states.

Revenue stream comes from owned events and third-party managed events. Owns and operates six annual road racing events. Over the past four years, has managed a total of 25 events. One of the owned events is ranked in the Top 50 marathons for qualifying runners for the Boston Marathon.

Business model is highly profitable driving on average over the past four years 47.4% Gross Profit and 23.3% SDE and achieved this through driving high participation and managing event overhead. On-going support staff and event support staff is staffed through contracted labor.
Formed in 2009 and owned 100% by its founder. Successfully developed a reputation of delivering a positive experience regardless of distance, location or cause.

Receives numerous calls annually to extend geographic presence but have chosen to stay localized.

Industry reputation for high quality events provides opportunity for expansion and growth. Biggest growth opportunity is through expansion of owned and third-party managed events.

Other options for growth include event offering expansion, virtual events and challenges, offer training and coaching and scalable event revenue.

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Reason for Selling:

Retirement

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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