Preeminent Scientific Event Manager

Lake County, IL
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Asking Price:$1,850,000
Gross Revenue:$1,738,842
EBITDA:$250,842
Cash Flow:$600,642
Rent:$1,932.56/Month
Established Year:1984
BUSINESS DESCRIPTION

The Company manages and produces conferences, exhibitions, and workshops focusing on Process Analytical Chemistry for clients in the Pharmaceutical, Biotechnology, Chemical, Food, and related industries.

Events are held in person in the USA and occasionally in Europe. Attendees have traveled from throughout the US, Europe, and the Far East to attend the events. The annual conference attracts 500 or more. The Company uses a mix of social media, word-of-mouth referrals, and press releases to generate ticket sales.

The Company’s revenue soared after Covid, bringing in a staggering $945,515 in revenues during the first four months of 2024 (Jan.-Apr.).

Revenue rose 29% between 2021 and 2022 and 63% in 2023 to reach $1,738,842.

There is tremendous room for growth by adding new industries like semiconductors and automotive and exploring a targeted marketing strategy. Growth is only limited by the Buyer’s imagination.

This long-established business is well known throughout the scientific industries. Attendees often return year after year to learn from leading scientists across multiple industries.

This is a unique opportunity to own a preeminent scientific events producer with an incredible 35% cash flow margin.


DETAILED INFORMATION
Location
Lake County, IL
Inventory
Not Included in asking price
Real Estate
Leased
Employees
2
Growth & Expansion
There’s tremendous room for growth. Expand the marketing campaigns to target specific industries, businesses, universities, and more. Develop new products, including subscription-based products and online events.
Support & Training
90 days of training with up to a year of support.
Reason for Selling
Retirement
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Jim
Shandorf
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Jim Shandorf