Premier National Fabric & Upholstery Company
Business Description
This established, top-tier supplier specializes in high-quality fabrics, upholstery materials, and custom sewing services across the United States. As Miami's premier destination for premium textiles and supplies, the company caters to a diverse clientele, including the refurnishing of cruise ships, private yachts, luxury residential estates, gaming casinos, and beyond.
Significant Growth Opportunities
The business is poised for substantial expansion across multiple sectors. As of September 2023, the company has secured exclusive contracts with numerous international casinos and hotel chains to deliver hospitality procurements, focusing on custom Furniture, Fixtures, and Equipment (FF&E) for fine textile products. This includes streamlining operations and establishing brand standards across all locations, encompassing gaming areas, hotel furnishings, poolside amenities, restaurants, and food & beverage outlets.
Key upcoming initiatives include overseeing all major new projects for a prominent casino chain slated for 2025, such as a significant Las Vegas buildout. With many competitors exiting the cruise line sector, there is ample room for market penetration in this area. The yachting industry also represents a robust avenue for growth.
Projections for 2024 and 2025 indicate continued market share gains, driven by two primary factors: the ongoing consolidation and efficiency improvements in the cruise industry, and the expansion of similar streamlining efforts into the hotel sector. These developments are expected to accelerate sales growth, building on the company's proven track record in both industries.
Key Clients and Market Position
The client portfolio features prestigious names, including major casinos, hotels, cruise lines, and a leading gym chain with nearly 100 locations, among others. This strong foundation underscores the company's reputation for excellence and reliability.
Ownership and Transition Options
The seller is committed to a smooth transition and is open to remaining involved post-sale. They are also receptive to a buy-in partnership with a strategic investor who can elevate the brand further.
Real Estate Assets
The offering includes two adjacent parcels of real estate owned by the seller:
Primary Property: Currently occupied by the business operations.
Adjacent Rental Property: Generating income as a leased asset.
Both properties have been professionally appraised, with each valued at approximately $3,000,000 (total real estate value: $6,000,000+/-). These assets are available for purchase as part of the transaction.
This opportunity is for serious buyers only. A personal financial statement is required prior to the release of any detailed information. All inquiries will be handled confidentially.
Significant Growth Opportunities
The business is poised for substantial expansion across multiple sectors. As of September 2023, the company has secured exclusive contracts with numerous international casinos and hotel chains to deliver hospitality procurements, focusing on custom Furniture, Fixtures, and Equipment (FF&E) for fine textile products. This includes streamlining operations and establishing brand standards across all locations, encompassing gaming areas, hotel furnishings, poolside amenities, restaurants, and food & beverage outlets.
Key upcoming initiatives include overseeing all major new projects for a prominent casino chain slated for 2025, such as a significant Las Vegas buildout. With many competitors exiting the cruise line sector, there is ample room for market penetration in this area. The yachting industry also represents a robust avenue for growth.
Projections for 2024 and 2025 indicate continued market share gains, driven by two primary factors: the ongoing consolidation and efficiency improvements in the cruise industry, and the expansion of similar streamlining efforts into the hotel sector. These developments are expected to accelerate sales growth, building on the company's proven track record in both industries.
Key Clients and Market Position
The client portfolio features prestigious names, including major casinos, hotels, cruise lines, and a leading gym chain with nearly 100 locations, among others. This strong foundation underscores the company's reputation for excellence and reliability.
Ownership and Transition Options
The seller is committed to a smooth transition and is open to remaining involved post-sale. They are also receptive to a buy-in partnership with a strategic investor who can elevate the brand further.
Real Estate Assets
The offering includes two adjacent parcels of real estate owned by the seller:
Primary Property: Currently occupied by the business operations.
Adjacent Rental Property: Generating income as a leased asset.
Both properties have been professionally appraised, with each valued at approximately $3,000,000 (total real estate value: $6,000,000+/-). These assets are available for purchase as part of the transaction.
This opportunity is for serious buyers only. A personal financial statement is required prior to the release of any detailed information. All inquiries will be handled confidentially.
About the Business
- Years in Operation
- 63
- Currently Relocatable
- Yes
- Facilities & Assets
- Type of Location Retail
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 3,560
- Rent
- $10,000.00 per month
About the Sale
- Seller Motivation
- Other interests
- Transition Support
- Weeks: 2 Cost: $0
Listing Info
- ID
- 2429788
- Listing Views
Listing ID: 2429788 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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