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Hospitality & Foodservice Import/Manufacturer Company
Location: United States -> Illinois -> Chicago
Industry: Manufacturing > Other Manufacturing




Business Summary

Import/manufacturer of small products distributed to the Hospitality & Foodservice industries
The Company designs and delivers a full spectrum of wood and light metal products to the Hospitality & Foodservice industries worldwide. It is a well recognized brand for products such as luggage racks, bellman carts, tray stands, coat racks and other light wood or metal products. The Company has a decades-long reputation for durable, high quality products with the flexibility to provide custom branded offerings to its customers. Many of the items are imported in container loads, merely stored in Company warehouses, and shipped to the end user. Some products have light assembly or finishing required at one of two Company facilities. One facility includes a wood working shop complete with an automated stain production line as well as a metal fabricating operation. Capabilities include wood fabrication and metal bending.

Products are sold by a network of major Hospitality/Foodservice distributors. These distributors are responsible for marketing and selling the product by placing orders with the Company which, in turn, ships the product and invoices the distributor. The business has been prequalified for favorable SBA bank financing and is an exceptional opportunity for an individual or a strategic seeking to add products sold into the Hospitality or Restaurant industries.


Financials

Asking Price Range:  $500K - $1.0M
Gross Revenues:   $3,035,444
Cash Flow:   $386,267
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $600,000
Seller Financing:  Yes

About The Business

Year Established:  1950
Number of Employees:  10 - 19
Relocatable:  Yes
Franchise:  No
Current Real Estate:  Leased

About The Sale

Reason For Selling:  Retirement

Photos

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Hospitality & Foodservice Import/Manufacturer Company Photo 1




Print Listing Id: 700287626
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