Businesses For Sale
Conference Planning and Event Management Company
Asking Price: $1,500,000
2017 Revenue: $ 2.481 million 2017 EBITDA: $157.7K Employees: 11 FT, 2 PT
The Company provides conference and event planning services. In addition to managing conferences (80% of 2016 sales), it owns three annual conferences (16%) and develops and operates online training courses (3%). The Company’s successful completion of over 300 events has been a result of employee expertise, strong vendor and client relationships, and the ability to manage events from start to finish.
The Company targets customers within the trade association industry (75% of 2016 sales) and higher education institutions (25%) nationally across the US and Puerto Rico. Its current higher education customer base includes approximately 43,000 contacts for Company-owned conferences and 29 trade associations for event planning services. Trade association customers are across a range of industries, including cyber security, healthcare, banking, treasury, and finance.
(FF&E): Included in Asking Price
Facilities: The Company operates from a 2,500-square foot office, which can support
growth without facility expansion, and is currently staffed by 11 full-time
and 2 part-time employees
Competition: Superior Name and Reputation: The Company enjoys a long-standing
(31+ years) reputation for executing successful conferences.
Strong Supplier Relationships: Supplier relationships are a driving factor
of the Company’s success. It uses vendors to create training and
certification programs, as well as perform services for conference
Expansion: Several opportunities exist to increase revenue and profit, including
leveraging the Company’s proven reputation to pursue new and existing
customer markets. Specifically, management cites increasing online
certificate offerings, webinar offerings, and sales and marketing efforts to
substantially increase margins.
Support & Training: 30 days of training within the purchase price, and seller is open to
longer term consulting.
Seller Financing: Seller will finance a portion of the purchase price to support a qualified
buyer to secure SBA financing.
Reason for Selling: Owner has been involved in the business for over 30 years.