Provider Of Wine & Spirit Tastings

www.GlobalBX.com

Listing ID: 700355785

Listing Title: Provider Of Wine & Spirit Tastings

Quick Link: http://www.globalbx.com/listing.asp?bId=355785

Industry: Entertainment and Leisure

Industry Segment: Other Entertainment and Leisure

Country: United States

State / Province:

Area

City:

Asking Price Range: $10.0M - $20.0M

Gross Revenues: $3,700,000

Cash Flow: $2,400,000

Cash Flow Type: EBITDA

Year Established: 2000

Number of Employees: 35 - 49

Business Description:
The World's Leading Specialty Provider of Sommelier-Guided Wine & Spirits Tastings - 8 years of successful live events for most Fortune 500 companies - Putting skills of the world's best sommeliers to optimal use - No meaningful competitors in existence - Minimal working capital and overhead - Zero marketing costs unless additional growth desired Defensibility& Sustainability: Exceptionally Strong → The largest managed sommelier network inexistence with ability to serve event clients in all locations globally → Polished, event-experienced, certified sommeliers with exceptional entertainment and presentation skills → Strong existing relationship with key corporate event planners → Owner and team available to continue with the business Future Story: Growth Goes On → Potential to increase capacity by growing the team. This can immediately capture inbound requests that the company has been turning away, +$1 million/year in revenue → Active marketing can enable extreme growth, as growth has been strong every year without any outbound initiatives → In addition to in-person events, virtual events are now an established business line with big budgets for 2021 → Profit margins have been kept very high. Potential for much more revenue is available by segmenting the pricing options. → Expanding the other highly profitable business lines outside the live events, including an active wine insurance claim division



« Close this window »