AV Services in bay Area w/Preferred Vendors

Unique opportunity to take over a turnkey AV business form a retiring founder who is willing to train the new owner for a revenue cycle (12 to 18 months) and transition all relationships.
Founded in 2015, the company specializes in Audio/Video rentals and event production in the Bay Area. The company delivers premium, customized audiovisual solutions using advanced equipment. It caters to corporate meetings, seminars, and political events, also offering full event support (including stage preparation, on-site technical management, prompt troubleshooting, and detailed post-show evaluations). The company has preferred vendor contracts with prestigious venues in the area and is poised for growth.
Investment Highlights
Sales/Earnings
• 2024: $946.2K Revenue, $445.5K SDE
• 2023: $774.3K revenue; $373.8K SDE
• Strong Revenue growth, achieving a YoY (2023-2024) climb of 22% from (2022-23) 37% previously.
*2021 & 2020: abnormal due to COVID event shutdowns across California, 2019 revenue of $514K.
Customers
The company serves a diverse and prestigious client base (investment firms, non-profits, political and government entities) and experiences excess demand.
They hold preferred vendor status with marquee venues across the Bay Area, secured by contracts with these venues ranging from year-to year to 5-year contracts.
Team and Assets
The owner manages operations, overseeing the company's day-to-day activities.
One part-time salaried employee handles office work (~6 hours per week).
For events, the company hires union contractors as needed.
The company's fixed assets include two Ford cargo vans, a Honda, and additional FF&E.
Technical equipment includes a wide range of audiovisual equipment, including HD monitors. powerful projectors, sound systems, as well as presentation tools.
Growth Opportunities
New owner can capture excess demand.
The company has the potential to grow further by deepening its presence in luxury events, targeting more high-profile corporate and political clients who have inquired about their services.
Listing includes Equipment of $40,200.