Event & Destination Management Company

Seller Financing Available

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Asking Price:$8,500,000
Gross Revenue:$6,749,146
Cash Flow:$1,665,391
EBITDA:$714,524
BUSINESS DESCRIPTION

This premier full-service event and destination management company has established a stellar reputation over 25 years for delivering uniquely regional experiences and award-winning services. With a proven track record of success, this company is perfectly positioned for continued growth and expansion. Based in the Southwestern US, its impressive client roster includes high-profile names across various industries, ensuring a steady stream of recurring revenue.

Founded in the 1990s, this company has evolved into a highly recognized industry leader. It boasts a diverse service offering, including special events, team-building activities, transportation, award ceremonies, and local tours. With a team of 14 full-time and over 90 part-time/temporary dedicated professionals, the company has been honored with numerous industry awards and accolades. Their robust and adaptable business model has driven significant revenue growth, with a 42.7% gross margin and a 10.6% EBITDA margin in the trailing twelve months.

The acquisition of this company offers substantial strategic advantages, including cross-selling opportunities, enhanced market penetration in its primary region, and expanded reach to corporate and association events. The company’s strong local expertise, coupled with its innovative and customizable solutions, ensures that every event is flawlessly executed and leaves a lasting impression. This is a rare opportunity to acquire a well-established and highly respected company with a strong foundation for future success.

PLEASE NOTE: After completing and submitting the contact form to the right, you will receive an email from NorthStar containing our Confidentiality Agreement for signature. If you do not see this email within a few minutes of submitting the form, please check your spam folder.


DETAILED INFORMATION
Inventory
Not Included in asking price
Real Estate
Leased
Employees
14
Facilities
The business operates out of a leased 6,500 sq. ft. facility. The current lease expires in June of 2025, but the landlord is eager to an extension.
Competition
The current market conditions in the convention and professional event industry have improved to the point where activity has exceeded pre-Covid levels. The primary geographical markets this business serves are also seeing explosive growth in the hospitality arena, adding hotel rooms, meeting space and convention amenities at a rapid pace.
Growth & Expansion
Given the business' outstanding reputation and glowing customer recommendations, it is poised for growth under new leadership focused on growth - the current owner's primary objective is not aggressive growth at this career stage. There is ample opportunity to expand the business within the current market by simply implementing a targeted, methodical marketing plan. Beyond the current local market, there are opportunities for growth both domestically and internationally.
Financing
The seller is open to considering financing proposals from well-qualified buyers with
Support & Training
The ownership is open to discussing various transition service arrangements, depending on the new owner's needs and/or requests.
Reason for Selling
Retirement
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Jeremy
Furtick
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Jeremy Furtick