Talent Agency - Entertainment Industry Niche – Highly Profitable!

Studio City, CA (Los Angeles County) (Relocatable)

Talent Agency - Entertainment Industry Niche – Highly Profitable!
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Asking Price: $1,500,000

Cash Flow: $702,547

Gross Revenue: $7,000,000

EBITDA: $702,547

FF&E: $0

Inventory: N/A

Established: 2000

Talent Agency - Entertainment Industry Niche – Highly Profitable!

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Business Description

Well Established / Relocatable Home Based Opporunity ...

This highly unique talent agency services a very niche component of the entertainment industry. Within the industry the firm’s reputation speaks for itself, as its name has become synonymous with the highly sought after talent they represent, whose roles are mission critical for feature films, television shows, commercials, documentaries, music videos and more. This is the only firm that exclusively caters to specialists who perform this integral industry function.

Detailed Information

Location:
Studio City, CA
Employees:
0
Facilities:
This well-established home-based talent agency is remarkably straightforward. They provide a limited pool of extraordinarily sought-after talent, most of which have tremendously well-known and respected credits on their resumes, to satisfy their customer’s needs on a commissioned basis per job. In the process, they match customer needs with talent’s abilities, schedule talent based on availability and overall fit, act as a buffer to customer, manage the minutia associated with each job and continue to manage all relationships that are within the firm’s enormous global sphere of influence. The firm also manages the payment, collections, equipment insurance, etc. associated with each job and act as an overall ombudsman to ensure all parties operate competently, responsibly and in good faith as they ultimately command a great deal of discretion with client placement and fulfilling customer needs. (Home Based)
Competition:
While competition typically exists in all aspect of talent placement, this firm enjoys 20 years of industry experience in a highly specialized field. As a result they are the ‘go to’ source for companies that require their mission critical clients. While in theory competition could enter this segment, the reality industry entrants would likely find it particularly difficult to compete in this very limited niche against this dominant firm.
Growth & Expansion:
New operators will likely be satisfied to continue the firm’s legacy with few changes, or those already in the talent agency industry may view this opportunity as an ideal segue into the entertainment industry. As this firm specializes in a highly sought after specialist labor force, a buyer could later migrate into working with other complementary industry talent pools or they can enhance their existing offering if they already provide talent in some of the ‘downline’ industry areas.
Support & Training:
Seller will train as negotitated, which will largely be a function of the buyer's experience.
Reason for Selling:
Retirement
Home-Based:
This business is Home-Based
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Michael Wildeveld, CBB, CBI, CM&AP, M&AMI, CEPA

Business Listed By:
Ryan Clark

The Veld Group

Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Merger and Acquisition Master Intermediary (M&AMI) is a professional certification awarded to Intermediaries who've achieve very stringent educational and professional requirements. M&AMI's agree to abide by an ethical code of conduct when working with business owners and buyers. Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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