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Networking

Listing Number:
2026670

Description

40% Cash Flow

This company has been successful since it started in 2012. Currently, the organization focuses on in-person conferences that provide food and beverage company R&D decision-makers with practical formulation advice needed for new product development. Single-and multi-client sponsored webinars are fast becoming a significant additional source of revenue. Additionally, a new owner can expand the company’s other current revenue sources.

The conferences feature both exhibitors and sponsors. These companies sell their ingredients (e.g., flavors, colors, sweeteners) to significant food and beverage companies such as General Mills, Kellogg's, and Abbot Laboratories. The conferences require all attendees to pay a registration fee.

The company is virtual, with all staff working from home offices. Its two full-time employees, the owners, are planning to retire. Additional team members include several independent contractors. This group secures all suppliers, sponsors, and expert speakers for each in-person conference and webinar.

The sale includes all the company's assets. The key components are:
Registration records.
A list of sponsors and exhibitors.
A list of expert speakers.
The database of R&D decision-makers.
Trademarks, social media properties, vendor lists, and the company's excellent reputation.
Other proprietary information for a new owner to seamlessly assume and run the business successfully.

As with other conferences and expos, COVID-19 impacted the company's financial performance in 2020 and 2021. Like them, the company has recovered and demonstrated that business is back.

This firm is being offered for $1,100,000. It has an average cash flow of 40%. This offer is a fantastic opportunity for a corporation to reinforce its existing business or open up new revenue streams. If you would like to learn more about this opportunity, please feel free to contact Katherine Ramirez.

Listing Details:

Price: $ 1,100,000

Cash Flow: $336,000

Location: Remote

Employees: 2 plus several Contract Employees

Year Established: 2012

Reason for Selling: Retirement

Category: Media

Growth & Expansion:

Geographical and segment expansion of conferences Increase the number of webinars and Newsletter deployment.

Support & Training:

Up to four weeks of full-time transitional help without compensation. Willing to consider a three to six-month compensated consulting agreement if the acquirer is interested in their continued involvement.

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