Rapidly Growing Exhibit and Event Services Business

Asking Price$1,700,000

Cash Flow
Not Disclosed

EBITDA$583,293

Gross Revenue$1,833,416

InventoryNot Disclosed

FF&ENot Disclosed

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Rapidly Growing Exhibit and Event Services Business


Asking Price$1,700,000

Cash Flow
Not Disclosed

EBITDA$583,293

Gross Revenue$1,833,416

InventoryNot Disclosed

FF&ENot Disclosed

Business Description
Over the last 12 years of operations as an independent company, this Corporate Exhibit and Event Services business has grown revenues by 140% with little additional overhead costs. Business is seasonal around corporate events and exhibitions in the Spring and Fall of each year. The company generally builds a backlog of business a year or more into the future. Many of its clients are long-term repeat clients. The original business was spun out of a Fortune 500 company where it was established as a division of that Company. The current owners purchased the business 12 years ago after running it for the former parent company owner. They have worked to successfully grow the business and diversify the revenue stream. The owners have built a very strong repeat client base consisting of large companies, universities, churches, professional agencies, wedding show events, ethnic and cultural food festivals, not-for-profit organizations, healthcare companies, amongst many other clients. The owners have diversified the revenue stream from one client when they purchased the business 12 years ago, such that approximately 70% of revenues are now generated from clients built since that time. The Company's current business backlog is above 2024 full year revenues. The Company's geographic market is concentrated in the MidAtlantic and Southeast, though it also provides event services across the U. S.
About the Business
Years in Operation
12
Number of Employees
4
Currently Relocatable
Yes
Facilities & Assets
The Company leases a 12,500 sq. ft. warehouse which includes a 20' x 16' office in Henrico County, VA. The warehouse has two dock height bays for loading/unloading trucks. The warehouse is heated and it contains extensive warehouse racking to hold equipment pallets and tradeshow carpet. The facility is currently under a 5 year lease expiring July 31, 2028. The Company also owns extensive trade show inventory and equipment including tables, table skirts, chairs, carpet, piping, drape panels, poster boards, stools, display racks, trash cans, etc.
Market Outlook / Competition
The Company's owners take great pride in providing excellent client service. They are responsive to their clients' needs for a highly successful event, trade show or exhibition. One of the Company's largest competitors left the Virginia market approximately one year ago, leaving an excellent growth opportunity for this Company to fill that void. After the end of the Covid shut-down of in-person events, the events market has strongly come back over the last few years. The Company will provide certain key competitors in the CIM.
Opportunities for Growth
The Company has been able to grow predominately by word-of-mouth. Business has been so strong that the owners have had to turn away business due to not having enough skilled employees on staff. They have purposely kept employee headcount low in order to boost bottom-line profitability. They have not needed to advertise. The new owner will be able to continue to grow the business through hiring additional key employees and advertising through SEO methods.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
12,500
Lease Expiration
7/31/2028
About the Sale
Seller Motivation
The owners (ages 65 and 58) are seeking to sell the business and retire.
Transition Support
The owners are available for training, client introductions, and transition for 3 months. Should the purchaser want them to remain longer, the current owners can extend their time with the Company for up to 9 additional months under an acceptable consulting contract.
Listing Info
ID
2388166
Listing Views
184

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Business Listed by: Wayne Bullis Rich-Biz Brokers & Advisors, LLC

Listing ID: 2388166 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.