Supplying Custom Products for 20 Hospitality Industries

Clark County, NV

Supplying Custom Products for 20 Hospitality Industries
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Asking Price: $1,600,000

Cash Flow: $518,863

Gross Revenue: $1,699,404

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 2010

Supplying Custom Products for 20 Hospitality Industries

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Business Description

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.

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Detailed Information

Location:
Clark County, NV
Employees:
11
Facilities:
2,000 sq. ft. – 6 offices, kitchen, conference space & common space
Growth & Expansion:
Build the team to increase project capacity
Financing:
33% Seller Financing: $528,000
Support & Training:
6 months
Reason for Selling:
New ventures
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Cortney Sells

Business Listed By:
Cortney Sells

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