Hospitality Furniture & Fixtures Distributor

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Asking Price:
$2,200,000

Gross Revenue:
$1,699,404
Cash Flow:
$517,001
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$50,692
included in asking price

Real Estate:
 Not Disclosed

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Business Description

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, 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.

With work in progress totaling over $2MM, 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.

The current owners are responsible for operations, but a new owner could assume those responsibilities or hire on an additional staff member. Areas for growth include the addition of staff to increase order capacity.

About the Business

Year Established:
2010
Number of Employees:
13
Facilities:
6 offices, kitchen, conference space & common space
Growth & Expansion:
Build the team to increase project capacity
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About the Sale

Reason For Selling:
New ventures
Training/Support:
90 Day transition
Seller Financing:
15% Seller Financing: $330,000

Listing Info

ID:
1615794
Ad Detail Views:
0

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