Television and Streaming Production Company - SBA Approved

Illinois
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Sale Pending
Asking Price:$2,000,000
Gross Revenue:$1,350,080
Cash Flow:$372,061
BUSINESS DESCRIPTION

This production Company, now celebrating its 39th year in business, is one of Chicago’s premier television production and post-production houses.

They have consistent sales averaging around $1.3 million every year. Their formula for success has been to do work at the highest level but keep overhead to a minimum. The company has 4 full-time employees: a Producer, 2 Directors of Photography and 1 Production Manager. The business also has a large network of exceptional freelancers who work as independent contractors and is debt-free.

The production company’s studio is in Chicago’s trendy West Loop neighborhood. They have long-time prestige clients like Oprah Winfrey, CBS’ 60 Minutes, The Big 10 Network, the National Association of Realtors and the Chicago Urban League. They have a roster of over 600 customers that it services. Their repeat business and reoccurring revenue are a testament to the focus on quality. They only get their business from extensive networking and word-of-mouth.

This business is infinitely scalable. Having a salesperson would be a great start but they are also able to create new shows and films internally. Its reputation in the industry is stellar and can leverage its brand to pitch shows/series to streaming services such as Netflix or Amazon.

They are selling the business to facilitate the co-founder/owner's upcoming retirement. The Producer Owner is willing to stay on board for 6 months after the sale if needed to support the transition. He is also willing to work for the production company after retirement as an independent contractor. The co-owner/ Director wants to continue working as Director of Photography. The other two full-time employees are also committed to staying with the company after a sale.


DETAILED INFORMATION
Location
Illinois
Inventory
Not Included in asking price
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Mark Ilardi
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Mark Ilardi