| Asking Price |
Not Disclosed | Inventory |
|
|---|---|---|---|
| Gross Income |
$2,400,000 | Real Estate |
|
| Cash Flow |
$500,000 | Year Established | 1969 |
| FF&E |
$2,000,000* | Employees | 14 |
* included in the asking price
** not included in the asking price
• Entertainment sound and lighting business is in the right place at the right time. • 2009 Year to date sales are ahead of the same period last year. • Great niche in this economy. • Turnkey -- The two minority owners who operate the business are looking for an equity partner to grow the business. Only Northwest company with both sound and lighting and an expert service department making it a one-stop shopping for event managers. Stellar national reputation company has received invitations from major entertainment acts to go on tour. Portfolio includes sound and lighting installations in landmark auditoriums, universities and capitol buildings in the Northwest. Complete turnkey operation with pro team devoted to sustainable, long-term growth of both production and permanent installation business. Loyal, expert workforce includes degreed, licensed pros. 40 years of experience and an incredible variety of jobs means an enormous, state-of-the-art inventory of equipment. 2007 - 2008 sales of $2.4 million with EBIT of $500,000. 2008 -2009 estimated sales $2.32M - Strong margins
Facilities: The building was built in the 1950s and remodeled in the late 1990s. The old portion is concrete tilt-up and the remodeled section is wood frame. The warehouse and offices are heated by gas forced air. The building is on city water and sewer and totals approximately 10,000 square feet. A truck-high loading dock accommodates three trucks. The approximately two-acre lot provides adequate parking in front and storage behind. A small outbuilding is used for additional storage.
Competition: Within its market place the Company is the dominant sound and lighting company and no other company has been able to compete with Companys one-stop shopping experience. The Company provides complete services in one place: a dream come true for anyone putting on an event.
Growth/Expansion: The Company is positioned for growth, and the specific areas the Owners believe could be developed to take this Company to the next level are: Dominate the larger untapped Market Area; Increasing Internet Sales; Increasing More Permanent Installation Contracting; Offering More Entertainment Production Services; Touring with National Acts; Expanding Service Department; Expanding into Residential Sound Systems; Offering More Boardroom and Video Conferencing Services; Offering Service Contracts; and National Expansion.
Support/Training: This is a turnkey operation with the two minority owners continuing who operate the business and other key management personnel are in place at all levels and are wish to stay on and assist in taking the Company to the next level of it's on going success.
Reason Selling: Owner wants to retire

Chuck Atkins
(541) 474-3285
Sunbelt Business Advisors
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