Production Company In The Washington DC Area
Not Disclosed, VA Not Disclosed
Washington DC Area
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- RE: Production Company In The Washington DC Area
- Contact: Gavin Raphael
Quick Facts
| Asking Price: | $4,500,000 | |
| Annual Revenue: | $4,600,000 | |
| Net Profit: | $1,400,000 | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | $1,000,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | 10 | |
| BBN Listing #: | 938327 | |
| Broker Reference #: | Not Disclosed |
Business Overview:
Mature Washington DC area production company. Provides staging, event structures, audio, video, lighting equipment and management services in the Mid-Atlantic region.
The Opportunity: The acquisition of this company provides an excellent opportunity to expand a buyer’s existing business, or for someone looking to enter the business.
The Company: The company oversees lots of marquee high profile political, corporate, military and university events. Unsurprisingly, revenues were impacted by the cancellation of many events during COVID but rebounded strongly in 2022.
Operational Strengths: The Company has a very strong reputation in the industry and it employs a highly dedicated, experienced workforce.
The Transaction: Seller will provide support and training following the sale. The sale includes over $1 million worth of lighting, sound and other production company equipment.
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Property Features and Assets:
Location is owned by the seller and is available for lease.
Market Competition and Expansion:
In the US, the party and event planning market size was worth $3.2 billion in 2022. The market had grown by 4% by the start of 2022. The areas expected to improve, according to event industry statistics, include corporate events, holiday parties, and professional social occasions such as company picnics and similar.
Reason for Selling:
Owner wishes to retire
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
- View more Virginia businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
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