Business Description

A well-established AV business in the Bay Area, specializing in Audio/Video rentals and event production, is up for sale by its retiring founder. Founded in 2015, the company offers premium audiovisual solutions for corporate meetings, seminars, and political events, with preferred vendor contracts at prestigious venues in the area. The business has shown strong revenue growth, achieving a 37% year-over-year increase in 2023 following abnormal revenues in 2020 and 2021 due to COVID-19 shutdowns. The company boasts a diverse and prestigious client base, including investment firms, non-profits, and government entities, with excess demand for its services. The team consists of the current owner managing operations, a part-time office employee, and hired union contractors for event support. Fixed assets include two cargo vans, a Honda vehicle, and various audiovisual equipment like HD monitors, projectors, sound systems, and presentation tools. The new owner will have the opportunity to take over the business with a