Hot Listing
Hospitality Design & Procurement w/Burgeoning Client Base & Activity
Business Description
This well-established commercial hospitality design and front of house procurement company is one of California’s incumbent market leaders. The design firm, which specializes in interior design, food facilities design, branding and front-of-house procurement, has worked with many of the biggest food service names in California, Nevada and beyond. Incumbent officers will remain with the firm if desired. The financials do not include the officer's replacment salaries, which amount to an estimated $380k.
About the Business
- Years in Operation
- 50
- Employees
- 28
- Facilities & Assets
- The seller-owned 8k square foot office / warehouse leases for $18,150 per month. A new short or long-term lease may be entered into or although not preferred, the property may be acquired together with the business at an established fair market value price. All of the company’s furniture, fixture, equipment and enormous historic goodwill related to the design and procurement operations will transfer in the sale.
- Market Outlook / Competition
- While competition exists, this 50+ year-old firm is an industry incumbent and boasts a blue-chip name in the hospitality industry. Their staff’s skill set and the company’s reputation place them in a select category, providing the firm a unique competitive advantage that industry entrants cannot replicate, which includes ‘last look’ opportunities that others don’t enjoy access to. Hospitality client’s typical 5-6 year facility ‘refresh’ and 10-12 year location remodel cycles provide the firm a somewhat predictable recurring revenue base.
- Opportunities for Growth
- The firm has no shortage of client demand and is positioned to expand beyond its geographic footprint and service offering. This company is often contacted before an architect is selected, so it is estimated that an architectural firm that hopes to establish or grow their hospitality practice could benefit the most as they would enjoy the first look at projects they may not otherwise have access to, and perhaps walk into a revenue stream that has historically been up to twice the interior design fees.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 8,000
- Rent
- $18,690.00 per month
- Lease Expiration
- 1/21/2030
About the Sale
- Seller Motivation
- Personal
- Transition Support
- Sellers will train as negotitated or will remain with the firm at an agreed upon salary if desired.
- Financing Options
- Seller will consider carrying 10% to faciliate SBA financing
Listing Info
- ID
- 2335921
- Listing Views
- 2081
Listing ID: 2335921 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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