Successful Bay Area Event Company. with explosive growth potential

Contra Costa County, CA

Company picnics
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Asking Price: $550,000

Cash Flow: $282,950

Gross Revenue: $868,374

EBITDA: $200,000

FF&E: $75,000

Inventory: N/A

Established: 1995

Successful Bay Area Event Company. with explosive growth potential

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Business Description

Dynamic event company specializing in internal company events

This Bay Area one-stop event solution provider is poised for growth. With 5 star Yelp and Google reviews, and clients like Uber, Genentech, and Amazon, it's no wonder they are landing new clients regularly and retain a large percentage of existing clients with repeat customers.

Over the past 24 years this event company has developed an excellent reputation on delivering unique and creative social and corporate events, with a strong focus to detail and customer service.

Profits average 45%! This unusually high profit is obtained through well designed party packages that utilize internal equipment where appropriate, as well as negotiated vendor rates, while providing an exceptional value for the client.

Revenues for the company are driven by three main categories: Company picnics, holiday parties, and corporate meetings.

Turn key Systems for generating consistent profit and greatly reducing labor: A custom designed program allows auto generation of all vendor and client contracts that match the event details every time(no user errors), 5 minute quoting on company picnics (50% of revenue) and instant on the fly profitability management. They have a customized, fully developed CRM with sophisticated search tools for quickly locating venues, as well as tracking customers through the pipeline, and generating newsletters.

There is a step by step checklist that guides a staff through the event planning process with instructions for each step. A new staff member can be trained within 2 days and the system will guide them through the planning process.

Client stability with ownership change: Clients rotate through the event staff and work with different planners at different times. Therefore clients will be easily transitioned to new owner.

Seasonal, reliable team to reduce overhead: Inspire has a team of contract planners that know the company and the customers and can be engaged when there is business and not pull revenue during the slow season (Feb-May). Use the existing team as much or as little as needed while you transition the business without the high overhead of full time employees.

Their 5 star reviews spawn from a combination of effective turn key systems for managing contracts and vendors, having a fully equipped box truck to handle any situation on site, as well as landing new clients and retaining their existing ones.

The majority of the Company’s leads are generated by their targeted online marketing efforts and repeat customers. This company has benefited from developing extensive relationships with third party vendors, such as, caterers, performing art talent, venues, transportation companies, and other event specific providers. The company utilizes the latest technologies to simplify the management, organization, and execution of their events and services, giving them the ability to provide fast and accurate quotes, and “on budget” events.

Detailed Information

Location:
Contra Costa County, CA
Inventory:
Included in asking price
Employees:
1
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Box truck, lighting equipment, in house picnic offerings such as spin art, cotton candy machine, shaved ice, carnival booths and games, free play games, sound systems etc. Other assets include custom designed software as well as domination over google for key phrases on Organic and PPC (Home Based)
Competition:
The event industry is competitive and quite lucrative. Though there are many companies and individuals competing in this market in the high end space, There are only a few picnic planners and almost no event companies that also bring in their own production to their events to create unusually high profits, averaging 45%! The company also has designed the only picnic venue database which allows for fast venue searches to locate the perfect park for each customer.
Growth & Expansion:
The Company could experience increased growth through the following areas: Increase marketing to convention and visitors organizations, trade organizations, and hotels, etc. The company’s revenues are currently ENTIRELY generated from their website marketing. - Marketing focus on caterers and other industry professionals - Implement a Social Media marketing plan - Hire a dedicated sales person - Branch out into product launches and other external corporate events - Market to Bar/Bat Mitzvas and school events as they are highly themed as well.
Support & Training:
30 to 45 days + full online manuals, complete CRM and Project management software with built in step by step processes for each event.
Reason for Selling:
after 20+ years, owner has other projects, and needs liquidity.
Home-Based:
This business is Home-Based
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