Sommelier - Guided Wine & Spirits Tastings

www.GlobalBX.com

Listing ID: 700360446

Listing Title: Sommelier - Guided Wine & Spirits Tastings

Quick Link: http://www.globalbx.com/listing.asp?bId=360446

Industry: Food and Beverage

Industry Segment: Other Food and Beverage

Country: United States

State / Province:

Area

City:

Asking Price Range: $10.0M - $20.0M

Gross Revenues: $5,500,000

Cash Flow: $3,500,000

Cash Flow Type: EBITDA

Year Established: 2010

Number of Employees: 100 - 200

Business Description:
- 8 years of successful in-person and virtual 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 in existence � with ability to serve event clients in all locations globally → Polished, event-experienced, certified sommeliers with exceptional entertainment and presentation skills → Strong existing relationships 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



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