773.243.1603
773.243.1603
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Listing ID:3N1036

Hospitality/Food Service Industry – Import/Manufacturer – Chicago Area 3N1036

Sold

Import/manufacturer of small products distributed to the Hospitality & Foodservice industries

The Company designs and delivers a full spectrum of wood and light metal products to the Hospitality & Foodservice industries worldwide.  It is a well recognized brand for products such as luggage racks, bellman carts, tray stands, coat racks and other light wood or metal products. The Company has a decades-long reputation for durable, high quality products with the flexibility to provide custom branded offerings to its customers. Many of the items are imported in container loads, merely stored in Company warehouses, and shipped to the end user. Some products have light assembly or finishing required at one of two Company facilities. One facility includes a wood working shop complete with an automated stain production line as well as a metal fabricating operation. Capabilities include wood fabrication and metal bending.

Products are sold by a network of major Hospitality/Foodservice distributors. These distributors are responsible for marketing and selling the product by placing orders with the Company which, in turn, ships the product and invoices the distributor. The business has been prequalified for favorable SBA bank financing and is an exceptional opportunity for an individual or a strategic seeking to add products sold into the Hospitality or Restaurant industries.

Transcation Details

  • Location

    McHenry, Chicago Area, Illinois

  • Results
  • ESTABLISHED IN

    1992

  • Real estate Included

    No

  • Full-Time Employees

    12

  • Franchise

    No

  • Industry

    Manufacturing

  • Reason for Selling

    Retirement

  • Inventory Included

    Yes

  • Part-Time Employees

  • Business

    Hospitality/Food Service Industry – Import/Manufacturer – Chicago Area 3N1036

  • Acquirer

  • Annual Revenue

    $2,651,022

  • Annual Cash Flow

    $333,719

  • Seller Financing

    No

  • SBA Financing

    Yes

  • Listing Price

    $900,000

  • Acquisition Highlights