Chicago based AV Equipment Rental and Event Management Company

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Asking Price:
$850,000

Gross Revenue:
$370,000
Cash Flow:
$175,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$350,000
included in asking price

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

This company is a long-standing supplier of AV Equipment Rental and Event Management services to Chicago's entertainment community. Founded over 30 years ago, the company has been fulfilling the needs of the Chicagoland AV and entertainment community for over 40 years. Stable revenues come from a long list of recurring clients including entertainment venues, corporations, event planners, DJs, promoters, and other production professionals putting on personal and corporate events such as concerts, weddings, theater productions, trade-shows, bar-mitzvahs, and other parties.

The majority of this company's revenues come from a long-standing stable list of clients with no single client or event accounting for more than 5% of revenue. The rental inventory is up-to-date with current equipment and the latest technology, including comprehensive sound systems, video projection and effects, party lighting and effects, microphones, speakers, theatrical lighting, and more. Inventory alone is worth in excess of $300,000 and is included in the asking price. Owner is retiring but is willing to train a new owner and transition the business.

This company is a great opportunity for an individual buyer looking for a stable business with opportunity for growth, a strategic buyer such as an event planner or party rental business looking to expand its product line, or a competitor seeking a foothold in the Chicago market.

Interested buyers should complete an NDA, after which we will forward our Confidential Information Memorandum with more information about the business.

About the Business

Year Established:
1977
Market Outlook/
Competition:
The current marketplace is fragmented without any dominant player at this size. The barrier to entry is relatively high due to the necessary investment in equipment that would be required to fulfill the needs of the existing market. All inventory is included with the sale of this business.
Growth & Expansion:
Company could see substantial benefit from a new owner implementing an updated marketing plan to expand the company's reach. There is room for immediate growth with minimal marketing efforts through social media, web marketing, and old-fashioned networking!
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About the Sale

Reason For Selling:
Owner wants to retire.
Training/Support:
Owner is available for up to 12 months of hands on training

Listing Info

ID:
1463506
Ad Detail Views:
1668

Attached Files Attachment Disclaimer

  Crown River NDA (143 KB)
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Business Listed by

Steve Morley

Crown River Partners

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