|COVID-19 Status – Social Distancing has been achieved with this event producer – unlike their competition, this firm has always utilized very small venues, which are anxious to get back to work. The exhibitors are signing up for fall / winter events anticipating a boom in attendance.
||1 FT Owner
|Reason For Sale:
Company provides consumer shows, public events, and expositions in the Bridal, Family, Vacation, Home, and Commercial Event Industries. Business has very high profit margins and very low overhead. Subcontractors are in place if the Buyer prefers to work fewer hours. All processes are in place to expand rapidly if desired. Company has developed long-term relationships with many vendors, sponsors, and venues; and has a large database of attendees.
This is an ideal business for someone that enjoys sales, marketing, and project management, but may not want a large employee group to manage. Although it serves specific public groups, most of the day-to-day activities involve working with businesses (venues, sponsors, and vendors). This business has well established B2B (business-to-business) relationships.
Home Based Operations – no need for clients to visit office. Shows and events are held at multiple venues.
This business can be expanded if desired. The processes and vendors are well established. Business has a few different types of shows and each can be expanded or reduced depending on the preferred type of industry that the Buyer wants to focus on.
Price and Terms:
$600K cash down, with $100K escrow for 12 months, or
$330K down, $330K note for 5 years, plus 3% royalty until note is paid.
(SBA loan is not likely now due to COVID-19)
The Seller will help you grow this business.
COVID-19 Impact: Large shows are not happening currently. The smaller shows that this firm is known for will likely be allowed even if the large shows are cancelled. The smaller venues can provide social distancing with exhibitors and with attendees. The seller is willing to defer payments if more than 50% of the shows are cancelled in the upcoming seasons.
Represented by Bill Scott. Tell me more about this business.
Disclaimer: All information contained herein has been provided by the subject company, or its agent, to Front Range Business, Inc. (FRB); and while believed to be correct, said information has not been verified. Accordingly, FRB makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that FRB shall not be liable in any way for any loss or injury suffered by said recipient in connection with the delivery by FRB of this information. At all times, FRB is an agent for the seller and not for the buyer, unless a specific agreement exists for FRB to act as the buyer’s agent.