Listing Number: 77441-625345
Description
Convention management and meeting planning services based in Washington DC and active nationally. This business serves 30+ clients on multi-year agreements and 20+ clients on an as-needed basis. It plans and executes over 200 meetings a year for non-profit organizations, associations and corporations specializing in meetings ranging from 25-person board meetings to1,500-person annual meetings.
Specific services include site research and contract negotiations, housing management, registration support, exhibit sales and service, strategic analysis, logistical planning on-site support and budget assessment.
So long as the business can continue to grow its pool of qualified consultants, there should be substantial growth opportunity. It specializes in non-profit and smaller associations and there are over 7,000 associations based in Washington DC alone. The vast majority of clients are based in the Washington, DC metropolitan area though about a third of clients are based elsewhere in the U.S.
Meeting planners employed by nonprofits and associations tend to change employers frequently either to receive a higher salary or to gain additional experience, Consequently, this business is in high demand for “temporary support” during these staff transitions. Such temporary assignments may lead to longer term partnerships
The owner of this business is ready to retire and pass on their 'baby' to someone with strong organizational, marketing and logistics skills with a passion for the meetings planning industry. Whether you are already in this or a related field, or are entirely new to this sector, please don't hesitate to give us a call.
Listing Details
- Price: $ 800,000
- Down Payment: $720,000
- Sellers Discretionary Earnings: $ 337,224
- Total Sales: $ 924,541
- Location: District of Columbia, District of Columbia
- Inventory: $ 0
- FF&E: $ 0
- Employees: 0
- Year Established: 2007
- Reason for Selling: Retirement
- Category: Consulting Business
