For sale is a woman-owned business that offers event planning for conferences, corporate meetings, and special events in the pharmaceutical and healthcare market. The business has served clients for over 25 years and built a team of 29 event planning professionals and administrative support staff.
For conference and meeting management, the company acts as a collaborative extension of the client by applying their knowledge, skills, and expertise to enhance and grow the client’s events. Areas of event planning include everything from a private luncheon for two, to large corporate meetings for hundreds, to association conferences with thousands of attendees. This work also includes the planning and facilitation of exhibit booths, sponsorships, and Product Theaters. The team of specialists supports clients in planning and managing future events by bringing fresh ideas and over 25 years of experience and proven results.
The company focuses on retaining current clients and brings on new clients at a steady pace. To date, they have 95% of total revenue from recurring contracts and 5% from new or one-time contracts. Most contracts are 3-5 years with automatic renewal year over year. Total revenue for services is 45% Conference Planning for Associations, 40% Corporate Planning for meetings, 10% Special events, and 5% Promotional items.
The business has grown organically by word-of-mouth and referrals.
Several key employees are in place to help the new owner with a smooth transition.
Lenders are willing to lend about $2.75m (prequalified with Focal Point lending, see letter linked with financials below).