Details - Information last confirmed on May 4, 2021

This is an opportunity to acquire a business that provides specialized online live broadcasting services. The company produces events virtually for a portfolio of branded clients and licenses out a powerful proprietary software that acts as the central hub for video broadcasting. The company has its own studio space in the heart of Toronto with state-of-the-art equipment. With over 4,500 events completed successfully, the company is well-equipped to meet the dramatic increase in demand for its services due to a shift to virtual events. The company’s revenues have grown by over 80% in the last year with a significant tailwind for the industry expected to continue in the long-term as remote viewing becomes normalized and the business continues to invest in its software.

The company has a reputation for high quality streaming with low latency. Due to its affordable pricing structure and unique software, it has developed a loyal, diverse, and recurring clientele. Having spent years developing the software, the business has created a fully comprehensive and one-of-a-kind product that provides interactive tools, useful analytics, and chat features capable of handling tens of thousands of live users. The company operates with a lean and efficient business model by subcontracting experienced labor and establishing a strong connection with its suppliers. The business has a strong balance sheet with zero long-term debt and significant liquidity. It has achieved an average 5-year gross profit margin of approximately 65% and has been outperforming in sales each year.

This acquisition is the perfect opportunity for a private buyer with related experience or an established event or production company seeking to acquire a business with a proprietary software and book of high-profile clients. A working capital amount of $154,000 is included in the asking price.

Transaction Information

Asking Price: $2,750,000
Revenue: $1,317,000
Normalized EBITDA: $947,000
Normalized SDE: $1,091,000

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