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Furniture & Fixture Procuring In Hospitality
Location: United States -> Nevada -> 1800000
Industry: Manufacturing > Furniture Manufacturing




Business Summary

Nearly $3MM in work in progress! As a main distributor and certified supplier for the hotel and hospitality industry, this company specializes in providing branded, as well as custom manufactured products. Positioned perfectly in Las Vegas, this leader in hospitality furniture fixtures & equipment procurement is committed to providing exceptional quality products at 20-30% less than their competitors.

Servicing clients all over the world since 2010, they have delivered and installed goods in more than 25 countries to date and are expanding daily. Clients include the US Government, the United Nations and hospitality clients including major hotel brands. 95% on there service area in national, while 5% is international.

Average orders range between $70-$150k with many recurring orders and vendors. At the in-house design studio, clients can view 500-700 catalogs and swatch books to select products for purchase. There are currently 11 employees; one consultant and 10 contractors.

The current owners are responsible for operations, but a new owner could assume those responsibilities or hire on an additional staff member. The owner can work from anywhere as long as they have their laptop! Areas for growth include the addition of staff to increase order capacity.


Financials

Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $1,699,404
Cash Flow:   $518,863
Cash Flow Type:  EBITDA
Inventory:  $50,692
Seller Financing:  Not Disclosed

About The Business

Year Established:  2010
Number of Employees:  10 - 19
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  3-6 months
Reason For Selling:  New Ventures




Print Listing Id: 700335601
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