Managerial Consulting - Administrative and Executive Services
Asking Price: | $595,000 |
Gross Revenue: | $504,069 |
Established Year: | 1992 |
Cash Flow: | $233,069 |
FF&E: | $5,000 |
Company specializes in providing association management services to professional organizations. This involves creating, planning, facilitating, and overseeing opportunities for growth and development among members. The operation boasts a team of seasoned administrative executives who possess extensive expertise in meeting the diverse needs of associations, adhering to industry best practices. The company offers both Administrative Services and Executive Director Services. Similar to for-profit enterprises, non-profit associations must ensure sufficient funds for operations and reserves while meeting member needs. The Company manages programs directed by boards of directors to drive association development, handling logistics and operations for board meetings, member gatherings, educational programming, conventions, and strategic planning. Additionally, the Company negotiates with vendors and oversees financial affairs. This operation provides nuanced, turnkey services for associations at regional and national levels, often assuming full operational responsibility for associations.
Boards of Directors face constant pressure from their members to expand services and deliver greater value, often without increased resource allocation. Utilizing an Association Management Company (AMC) can efficiently and cost-effectively meet these demands. With a boutique setup, the team adeptly handles the affairs of small and medium-sized associations. The company administers Grant disbursements in compliance with regulatory standards for one client in addition to their Administrative and Executive Director responsibilities.
Every aspect of this organization is designed to assist associations in boosting membership and program participation, thereby increasing revenue. The highly experienced staff is cross trained across various aspects of premier client management. Despite lacking a formal marketing program, they have experienced growth solely through referrals and word-of-mouth advertising since its inception. A new owner could choose to actively engage with clients or take a more passive role as a team manager. With significant opportunities for organic growth in the niche market, particularly in the Chicagoland area with its dense concentration of regional and national associations, the Company operates debt-free and experiences high repeat revenue from long-term service agreements. This sustainable business model affords flexibility, making it a lifestyle business with a customer and employee-friendly approach. Relocatable operation.
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