Procurement & Ordering for Hotel Industry

Las Vegas, NV (Clark County)

Procurement & Ordering for Hotel Industry
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Asking Price: $1,800,000

Cash Flow: $518,863

Gross Revenue: $1,699,404

EBITDA: N/A

FF&E: $50,692

Inventory: N/A

Established: 2010

Procurement & Ordering for Hotel Industry

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Business Description

More than 25 ongoing projects at one time where 10+ employees supply to source!

More than 25 ongoing projects at one time where 10+ employees supply to source! 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.

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.

**The Firm Business Brokerage is not a real estate brokerage and therefore the staff will not handle any aspect of the lease, sale or purchase of real estate.**

Attached Documents


Detailed Information

Location:
Las Vegas, NV
Employees:
11
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
6 offices, kitchen, conference space & common space
Competition:
Service Area: National (95%) International (5%) Number of Clients: 25 ongoing projects at one time Services: Supplying custom branded products for hospitality developments, commercial buildings, the US Government and the United Nations
Growth & Expansion:
Build the team to increase project capacity
Financing:
20% Seller Financing: $440,000
Support & Training:
6 months Current Owner’s Responsibilities: Owner can work from anywhere as long as they have their laptop!
Reason for Selling:
New ventures
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(from currently available funds)
 
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Cortney Sells

Business Listed By:
Cortney Sells

The Firm

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