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Event Services w/Bourgeoning Market Niche – Unique IP Usage!

Los Angeles, CA (Los Angeles County)

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Asking Price: $1,798,000

Cash Flow: $424,727

Gross Revenue: $1,130,142

EBITDA: $424,727

FF&E: N/A

Inventory: N/A

Established: 2013

Event Services w/Bourgeoning Market Niche – Unique IP Usage!

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Business Description

This luxury events planning service company has created its own highly sought after market niche. The company provides first class event experiences across the globe, with clients ranging from national accounts, destination management companies, experiential marketing agencies, advertising agencies, wedding and event planners. Their clients include the best known luxury brands as well as recession proof patrons. Each event is custom tailored to discerning client needs, often with the budgets necessary to create world-class experiences.

Detailed Information

Location:
Los Angeles, CA
Employees:
3FT - 12PT
Facilities:
The founders have set this company up to be managed on a virtual basis from anywhere in the country or beyond. With the exception of a local prep kitchen that functions as a central commissary, events are remotely coordinated, staffed and executed without fault. All of the business’s tangible and intangible assets will be included the sale.
Competition:
While there is no shortage of competition in the general events catering market segment where the barriers to entry remain relatively low, at this firm’s level where the customer experience is taken to an entirely new level, the barriers are extraordinary. This established brand’s experience, event repertoire and ability to execute remains unparalleled. With the prestigious level of clients they boast, industry entrants or established premium event service providers simply do not meet the criteria expected by this level of clients, industry influencers and collaborative partners.
Growth & Expansion:
This enterprise’s gross revenues have nearly doubled since 2016. With a record January 2018 the company’s anticipated organic growth trajectory is remarkable. New management may harness the growth that is already built-in through word-of-mouth referrals, repeat business and new RFPs, or they may further expand by developing a stronger foundation in the leading markets they already have a footprint in or they may prefer to enter comparable high-end markets in the U.S. and abroad. Since the company has focused on mastering their specific segment of the customer’s experience, opportunity exists to mindfully segue into complementary service areas.
Support & Training:
3 Weeks at 20 hrs/wk
Reason for Selling:
Personal
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Michael Wildeveld, CBB, CBI, CM&AP, M&AMI, CEPA

Business Listed By:
Ryan Clark

The Veld Group

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Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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