Launched in 2013, Conference Monitor is a comprehensive online resource tailored for conference venues and hotels. It is a subscription business that is pivotal in uncovering sales opportunities for its subscribers.
Its annual subscription fee starts at $2,400 for venues and it gives them access to valuable sales data on the website xxxxx.xxxxx.
The platform is also integral for major business bureaus focused on attracting conferences to their areas.
Despite a downturn during the pandemic, which impacted in-person events and the need for Conference Monitor's data, the sector is rebounding, and subscribers are gradually returning.
Recently, Conference Monitor was acquired in a management buyout, alongside another prominent subscriber-based publication. However, the current management prioritises the other publication and is open to selling Conference Monitor to an entity or individual with the resources and commitment to revitalising its subscriber community.
This presents a unique opportunity, as there are numerous associated business prospects in the events sector that could make this a highly profitable venture for an astute operator.
The business operates with minimal overheads, employing one full-time, home-based staff member in Sydney. The sale also includes 12 months of website / platform support, extendable under a separate agreement.
This is an exceptional opportunity for growth and investment in a sector poised for resurgence.
Price and sale terms are negotiable.
Note: Financials available under an NDA. This is mainly due to Conference Monitor being part of a larger publishing business. Its financials are included in the overall company’s P&L but key factors are identifiable.
