Business Services / Production/Staging; Rental Business
Founded by the current owner in 1984, this successful national B2B services provider is a leader in Audio Visual, Staging and Event Management Services to Corporate Canada and related agencies. It also operates an Equipment Rental business which generates a strong annual renewable revenue stream as the service provider over 2500 corporate end user clients. These relationships operate under multi-year contract commitments with the company. FY2016 marked an expansion into the United States Market. Also at the end of FY2016 this firm made a major acquisition which has added significant strategic value and new customers to the business. This entity's results are included in the Broker Opinion of Value.
The business has delivered increased revenue and profits every year in recent history and is anticipated to increase again in FY2017. Sales revenue in FY2016 ended September 30, 2016 exceeded $21.8 Million and produced a normalized cash flow of $2.9 Million which is also the 3 year average for this contribution. FY2017 contribution is expected to increase by an additional $100K+ organically and a further $100K from the US expansion.