Hospitality Procurement & Kitchen Design

Los Angeles, CA
Los Angeles County


Asking Price: Annual Revenue:
$2,000,000 $5,000,000

Services: Engineering, Architectural Services


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RE: Hospitality Procurement & Kitchen Design Broker: Ryan Clark

Quick Facts

Asking Price: $2,000,000
Annual Revenue: $5,000,000
Net Profit: $266,000
Cash Flow: $266,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2015
Employees: 6
BBN Listing #: 23854929
Broker Reference #: EggSup

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Business Overview:

This well-established hospitality procurement and kitchen design company is one of California’s incumbent market leaders. The firm, which has worked with many of the biggest food service names in California and beyond.

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Property Features and Assets:

The business can remain in its existing 1,166 square foot office through a negotiated transition period or it may be relocated as it’s on a month-to-month lease. All of the furniture, fixtures, equipment and historic goodwill associated with the kitchen supply and procurement operations will transfer in the sale. They do not carry inventory.

Market Competition and Expansion:

While competition exists, this industry incumbent boasts a blue-chip name in the hospitality industry. Their staff’s skill set and the firm’s reputation place them in a select category, granting them a unique competitive advantage that industry entrants cannot replicate and that create ‘last look’ opportunities not offered to competitors. Client’s typical 5-6 ‘refresh’ and 10–12-year remodel cycles provide a recurring revenue base (those these cycles may have a front of house focus). It is estimated that 60% of revenues are from new tenant improvements with 40% derived from remodels. The sale comes with a solid recurring base of clients that accounted for approximately $4.7 ml in 2020 kitchen revenues, as well as an anticipated continued source of referral business coupled with a new client stream.

Reason for Selling:

Personal

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Relevant Links:

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