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Nội dung được cung cấp bởi Bill D'Alessandro, Mills Snell, Heather Endresen, and Michael Girdley, Bill D'Alessandro, Mills Snell, Heather Endresen, and Michael Girdley. Tất cả nội dung podcast bao gồm các tập, đồ họa và mô tả podcast đều được Bill D'Alessandro, Mills Snell, Heather Endresen, and Michael Girdley, Bill D'Alessandro, Mills Snell, Heather Endresen, and Michael Girdley hoặc đối tác nền tảng podcast của họ tải lên và cung cấp trực tiếp. Nếu bạn cho rằng ai đó đang sử dụng tác phẩm có bản quyền của bạn mà không có sự cho phép của bạn, bạn có thể làm theo quy trình được nêu ở đây https://vi.player.fm/legal.
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Stage Setup Company: Inside a $28M Theater Business Deal

29:46
 
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Manage episode 440404057 series 2842765
Nội dung được cung cấp bởi Bill D'Alessandro, Mills Snell, Heather Endresen, and Michael Girdley, Bill D'Alessandro, Mills Snell, Heather Endresen, and Michael Girdley. Tất cả nội dung podcast bao gồm các tập, đồ họa và mô tả podcast đều được Bill D'Alessandro, Mills Snell, Heather Endresen, and Michael Girdley, Bill D'Alessandro, Mills Snell, Heather Endresen, and Michael Girdley hoặc đối tác nền tảng podcast của họ tải lên và cung cấp trực tiếp. Nếu bạn cho rằng ai đó đang sử dụng tác phẩm có bản quyền của bạn mà không có sự cho phép của bạn, bạn có thể làm theo quy trình được nêu ở đây https://vi.player.fm/legal.

We found an interesting deal in episode 332—a theatrical supply and construction company based in Wisconsin that’s been around since 1981. It’s a niche player in stage setup and lighting for venues like theaters, casinos, and schools. The company is projected to hit $28M in revenue for 2024 with $1.3M in EBITDA. The two brothers running it are looking to exit, though one may stay on for a transition.
Thanks to this week's sponsor:
Acquisition Lab and their team have been longtime supporters of the pod.
Acquisition Lab exists to help people buy a business and navigate all the complexities of the process, as well as provide a trusted framework, tools, and resources to support you from search to close.
If you are serious about buying a business, check out acquisitionlab.com or email the Lab's director Chelsea Wood, chelsea@buythenbuild.com and mention us ;)

At A Glance

  • Business Type: Theatrical supply and construction
  • Location: Wisconsin
  • Revenue: $28M (2024 projected)
  • EBITDA: $1.3M (2024 projected)
  • Employees: 74
  • Established: 1981
  • Customer Base: Theaters, casinos, schools, TV studios, and theme parks
  • Owners: Two brothers, one ready to fully retire

What We Thought:

Red Flags

  • Inconsistent EBITDA over the years—especially the 2020 peak during COVID.
  • Margins are razor thin for a business with $28M revenue.
  • Large employee headcount could be a drag on profitability.
  • Owners possibly running personal expenses through the business.
  • Inventory management could be difficult with old or obsolete equipment.

Green Flags

  • Strong, diversified customer base, from casinos to schools and theme parks.
  • The business is rebounding after COVID, with steady revenue projections.
  • Potential for growth with AV companies needing high-end lighting and rigging.
  • One owner is open to staying on for a smooth transition.

The Verdict

Michael likes the business and thinks it’s the right type of specialty contracting company, but there’s likely something odd under the hood. The inconsistencies in EBITDA and odd financial behavior raise red flags. Heather gives it a thumbs down, particularly from a lender's perspective, as the unpredictable margins and unclear financials would make financing a nightmare.

Subscribe to weekly our Newsletter and get curated deals in your inbox
Advertise with us by clicking here

  • Do you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel.
  • Do you enjoy our content? Rate our show!
  • Follow us on Twitter @acquanon Learnings about small business acquisitions and operations.

For inquiries or suggestions, email us at contact@acquanon.com

  continue reading

350 tập

Artwork
iconChia sẻ
 
Manage episode 440404057 series 2842765
Nội dung được cung cấp bởi Bill D'Alessandro, Mills Snell, Heather Endresen, and Michael Girdley, Bill D'Alessandro, Mills Snell, Heather Endresen, and Michael Girdley. Tất cả nội dung podcast bao gồm các tập, đồ họa và mô tả podcast đều được Bill D'Alessandro, Mills Snell, Heather Endresen, and Michael Girdley, Bill D'Alessandro, Mills Snell, Heather Endresen, and Michael Girdley hoặc đối tác nền tảng podcast của họ tải lên và cung cấp trực tiếp. Nếu bạn cho rằng ai đó đang sử dụng tác phẩm có bản quyền của bạn mà không có sự cho phép của bạn, bạn có thể làm theo quy trình được nêu ở đây https://vi.player.fm/legal.

We found an interesting deal in episode 332—a theatrical supply and construction company based in Wisconsin that’s been around since 1981. It’s a niche player in stage setup and lighting for venues like theaters, casinos, and schools. The company is projected to hit $28M in revenue for 2024 with $1.3M in EBITDA. The two brothers running it are looking to exit, though one may stay on for a transition.
Thanks to this week's sponsor:
Acquisition Lab and their team have been longtime supporters of the pod.
Acquisition Lab exists to help people buy a business and navigate all the complexities of the process, as well as provide a trusted framework, tools, and resources to support you from search to close.
If you are serious about buying a business, check out acquisitionlab.com or email the Lab's director Chelsea Wood, chelsea@buythenbuild.com and mention us ;)

At A Glance

  • Business Type: Theatrical supply and construction
  • Location: Wisconsin
  • Revenue: $28M (2024 projected)
  • EBITDA: $1.3M (2024 projected)
  • Employees: 74
  • Established: 1981
  • Customer Base: Theaters, casinos, schools, TV studios, and theme parks
  • Owners: Two brothers, one ready to fully retire

What We Thought:

Red Flags

  • Inconsistent EBITDA over the years—especially the 2020 peak during COVID.
  • Margins are razor thin for a business with $28M revenue.
  • Large employee headcount could be a drag on profitability.
  • Owners possibly running personal expenses through the business.
  • Inventory management could be difficult with old or obsolete equipment.

Green Flags

  • Strong, diversified customer base, from casinos to schools and theme parks.
  • The business is rebounding after COVID, with steady revenue projections.
  • Potential for growth with AV companies needing high-end lighting and rigging.
  • One owner is open to staying on for a smooth transition.

The Verdict

Michael likes the business and thinks it’s the right type of specialty contracting company, but there’s likely something odd under the hood. The inconsistencies in EBITDA and odd financial behavior raise red flags. Heather gives it a thumbs down, particularly from a lender's perspective, as the unpredictable margins and unclear financials would make financing a nightmare.

Subscribe to weekly our Newsletter and get curated deals in your inbox
Advertise with us by clicking here

  • Do you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel.
  • Do you enjoy our content? Rate our show!
  • Follow us on Twitter @acquanon Learnings about small business acquisitions and operations.

For inquiries or suggestions, email us at contact@acquanon.com

  continue reading

350 tập

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