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B2B service business. Profit $430 k. Boutique Conference Center.


Seller Financing Available
What if we did it differently?
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Asking Price: $1,750,000

Cash Flow: $430,000

Gross Revenue: $1,840,000

EBITDA: $430,000

FF&E: $500,000

Inventory: $1,400

Rent: $15,000 /Month

Established: 2008

B2B service business. Profit $430 k. Boutique Conference Center.

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Business Description

B2B service biz in Midwest. $430 k profit. Easy to learn & manage.

One-of-a-kind B2B service business. A boutique conference center providing meeting services. Meeting rooms are thoughtfully and artistically designed to spark creativity and innovative thinking, leading to more productivity and valuable actionable strategic decisions. The rooms are the antithesis of boring, bland traditional hotel conference spaces and corporate conference rooms. The lofted rooms have natural light and support a multitude of meeting formats, as well as attentive staff who are solely focused on providing an optimal meeting experience to the clients. Services cover A/V, tech support, meeting supplies and outside catering of meals.

Customers come from many industries …2/3 of the revenue primarily comes from clients in non-profit organizations, consulting firms, universities and school systems, technology and pharmaceutical firms, market research firms, and consumer packaged goods firms. Clients range from Fortune 500 corporations to small businesses.

Each year the company serves ~300 customers; 1/3 from prior year, 2/3 new. 40-60% of revenue comes from customers who used services the year before. There is no customer concentration: Top 10 customers account for ~25% of sales.

Marketing through company websites, social media, direct marketing campaigns, advertising, etc.

The business is easy to learn. No major skill required. Organization in place, and company has well documented systems and procedures for a small company of this size. Ideal for an executive who wants to "manage" the business through financial and strategic direction.

25 FT+PT employees. 5 days/wk. Regular office hours with staggered shifts and weekends as needed.

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Detailed Information

Included in asking price
Real Estate:
Building SF:
Lease Expiration:
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
New 5 year lease with one 5 year option to renew. Multiple meeting rooms, largest 3,000 sq.ft. Assets are business equipment, furniture and furnishings. Original cost at $500 k. Fully depreciated. Low CapX and Working Capital need.
This is a unique business. Customers come from the metropolitan area. Company does not directly compete with traditional hotels. There are few competitors with small meeting venues; most of them have a different focus. There are some with partial focus on creativity and innovation, but have smaller meeting rooms.
Growth & Expansion:
Growth can come through increasing capacity utilization beyond current 45%. Also, business can be replicated in other cities.
Stable performance should help bank financing. Some seller financing.
Support & Training:
Owner works "on" the business. not in the business. Owner available for a smooth transition.
Reason for Selling:
Pursue other interest of seller's passion.
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Business Listed By:
Mike Adhikari

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