Listing Number: 6401-278552
Description
Top-tier fabric and upholstery supplier and custom sewing services in the US. The go-to destination in Miami for
quality fabrics and upholstery supplies. Providing services and materials to refurnish cruise ships, private yachts,
residential estates, gaming casinos, and more. There is significant growth potential in several industries. As of
September 2023, the seller has engaged in exclusive contracts for many international casinos and hotel locations
worldwide to provide hospitality procurements for custom FF&E for any fine textile item they need. Hired to
streamline and create brand standards across all locations to cover gaming, all hotel furnishings, pool area,
restaurants, food and beverage. All major new projects for major casino chain that will be coming online in 2025
including a Las Vegas buildout. Many competitors have moved away from the cruise line industry; therefore, much
growth can be gained in this sector. The yachting sector is another solid potential avenue for growth. The company’s
market position continues to improve as expansion continues from 2024 and 2025 projections it is expected to gain
market share for two main reasons. First, the streamlining of the cruise industry and the introduction to the
streamlining for the hotel business. Therefore, sales will begin to really compound which will continue the company’s
historic success in both industries. Key clients include major casinos, hotels, cruise lines, a major gym chain with
almost 100 locations, and more. Seller willing to stay on and open to a buy-in partnership who can help take the
brand to the next level. There are two parcels of real estate owned by this seller. One is occupied by the business,
and the second is a rental property just adjacent to the business location. Both are available for sale. Property
appraisals are complete for each property and the value of each property is approximately $3,000,000 (total RE value
$6,000,000+/-). Serious inquiries only. Personal financial statement is required
Listing Details
- Price: $3,995,000
- Down Payment: $3,995,000
- Sellers Discretionary Earnings: $1,154,457
- Total Sales: $2,398,254
- Location: Miami-Dade County, Florida
- Inventory: $600,000
- FF&E: $50,000
- Employees: 9
- Year Established: 1962
- Reason for Selling: Other interests
- Category: Upholstery/Fabrics,Manufacturing
