Featured Business: Premier Golf Event Management Firm

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Featured Business: Premier Golf Event Management Firm

Welcome to this week’s highlight in SMB Power Play: This premier golf event management firm stands out as a leader in organizing top-tier golf outings, recognized globally for its excellence and innovation in event planning and management. Founded in 2017, the business boasts a legacy of delivering world-class golf experiences.

TL;DR Revenue grew from $6.12 million in 2021 to $8.64 million in 2023, maintaining a consistent net income margin of 45% each year.

• Unique Business Offering: Renowned for hosting the best golf outings in the world, with significant opportunities for international expansion.

• Efficient Operations: Managed by a lean team of four full-time employees, ensuring efficient operations and personalized service.

• SWOT Analysis:

  • Strengths: Unmatched golf event offerings, strong market presence.

  • Weaknesses: High owner involvement may limit business scalability.

  • Opportunities: Expansion into international markets, licensing, and television partnerships.

  • Threats: Limited owner availability could impact future growth.

• Growth and Sale Prospects: The firm is valued at $15 million, reflecting its established market position and potential for future growth.

• Ideal for: Investors seeking a high-revenue, globally recognized business with substantial growth prospects in the sports and entertainment sector.

Financials at a Glance

• Revenue and Net Income: The business has demonstrated impressive financial growth, with revenue increasing from $6.12 million in 2021 to $8.64 million in 2023, and a strong net income margin of 45% each year.

• Leased Operations Space: The company operates from a leased location, providing flexibility and adaptability.

Operational Insights

• Business Model: The firm specializes in organizing high-profile golf outings, primarily attracting clients through 1099 brokers. This model ensures personalized client engagement and repeat business.

• Team Structure: A dedicated team of four full-time employees manages operations, ensuring high-quality service and operational efficiency.

SWOT Analysis

Strengths:

• The firm is renowned for organizing the world's best golf outings, establishing a solid reputation in the industry.

Weaknesses:

• The owner's high involvement in day-to-day operations may hinder scalability and growth

Opportunities:

• There is significant potential for growth through international events, licensing opportunities, and television partnerships.

Threats:

• The owner's limited availability poses a risk to the business's long-term expansion and sustainability.

Future Prospects and Strategy

• Growth Potential: By capitalizing on its reputation, the business is poised to explore new markets and service lines, particularly in international event management.

• Sale Considerations: The owner is seeking $15 million for the business, valuing its current success and future growth potential. There is an openness to remaining involved for up to two years post-sale to facilitate a smooth transition.

Power Play:

This week’s Power Play features a golf event management firm distinguished by its exceptional service and global recognition. With revenue growing from $6.12 million in 2021 to $8.64 million in 2023 and a strategic focus on expansion, the firm offers a rare investment opportunity for those looking to enter the sports and entertainment industry. The decision to sell, motivated by the owner’s desire to focus on other ventures, presents a unique chance for investors to acquire a thriving business with ample room for growth.

This is a good fit for you if…

1. Seeking High Revenue Potential: Ideal for investors looking for a business with a proven track record of significant revenue generation.

2. Interest in Event Management: If you're drawn to the sports and entertainment sector, this firm's specialized focus on golf events offers a compelling opportunity.

3. Growth-Oriented Investors: Perfect for those looking to expand into international markets and explore new service lines.

4. Appreciate Operational Efficiency: The lean team structure ensures effective management and service delivery.

5. Willing to Navigate Ownership Transitions: The owner’s involvement during the transition period provides stability and continuity.

6. Aim for Long-Term Growth: The firm’s established market position and growth prospects make it an attractive long-term investment.

This is more than just a business acquisition; it's a gateway to owning and expanding a globally recognized brand in golf event management, leveraging its strong foundation and exploring new frontiers in the industry.

Interested in this deal?

Contact [email protected] to learn more!