Gross Revenue: $3,200,000
Turnkey Event Production Company
The Company provides audio, video, lighting, roof systems, and staging services for a variety of events and functions, including business meetings, entertainment, fundraisers, galas, festivals, parades, political rallies, and more. In 2015, revenue was derived from event production (91% of sales), equipment sales (4%), equipment rental (3%), and repair services (2%). Key markets are event producers (38% of 2015 sales), event promoters (26%), and universities and schools (23%), as well as cities and government entities (7%), corporate and non-profit (4%), and sports franchises (2%).
It operates from a 28,000-square foot warehouse and office facility, as well as from a satellite 5,500-square foot location. The facilities are currently staffed by 10 full-time and 26 part-time personnel. The Company differentiates itself on numerous fronts, including being one of the few companies on a national level that can provide full event turnkey production services and solutions, and offer a single provider to customers, and has the ability to do many events in a single day.
Competition: - Superior Name and Reputation: In business since 1988, the Company has established its name and reputation, and has a large portfolio of events demonstrating excellence and success.
- Diversified Markets: The Company serves diversified customer markets, insulating it from industry-driven cyclicality should one sector experience a downturn.
- Diversified Customer Base: The top five customers in 2015 collectively contributed only 26% of total revenue. The diversified customer base helps ensure that the Company will not be significantly impacted by the loss of a single account.
Support & Training: As needed
Reason for Selling: Retirement
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