Luxury Linen Rental Company

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Background

BizEx ID:BizEx1235-DM
General Location:Los Angeles, CA
Category: Apparel & Finished Fabrics
Entertainment
Years in Business:29
Under Present Owner:29
Hours of Operation:8
Owner Hours:variable
Training:as many as necessary weeks @ hours
Organization Type:S-Corp
Lease Expiration:Negotiable
Lease Options:Negotiable
Building Size:9500 sq. ft.
Employees:10
Reason for Sale:Owner wants time to pursue new projects, but will stay on for extended period of time if necessary, to train and facilitate transition of ownership. .

Financials

Asking Price:$790,000
Down Payment:Negotiable
Gross Sales:Call
Discretionary Cash Flow:$194,338
FF&E:
Inventory Included?Yes
Inventory:$1,500,000
Min. Operating Capital:
Real Estate Available?No
Rent:$11,000
Financing:Call

2018 2017 2016
Gross Sales $ 761,132 $ 758,174 $ 786,500
Gross Profit $ $ $
Disc. Earnings $ 194,338 $ 168,271 $ 179,316

Description

The company is a nationally renown textile design company servicing the Entertainment and Special Events industries for 29 years. Cutting-Edge style, in-house design capabilities, and concise knowledge of color theory and application has made The company of choice for Studio, Interior, and Event Designers. From concept to completion, the company is the premier name in custom textile manufacturing, linen rentals, sales and Ghost Chair Rentals.

Their designs are frequently featured in top magazines, such as Weddings by the Ritz-Carlton, D Weddings, Dallas Modern Luxury, and the Hollywood Reporter. They have been a proud linen designer for Hollywood's finest events and Red Carpet award shows for many years. They continue to work with the finest event and floral designers as well as nationally renown wedding planners. The company is the first choice for celebrity weddings and international events.

This listing includes high quality inventory with a replacement cost of over $2 million.

Located near Los Angeles, the company services clients both domestically and internationally. They are the only custom luxury linen manufacturer in the United States exclusively targeting the high end market.


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Disclaimer: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.




Dan Munter
Business Broker / M&A Advisor
4551 Glencoe Ave., Suite 210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 121
Direct: (310) 722-1138
Lic#: 01871136

Logos Member of the California Association of Business Brokers Member of the International Business Brokers Association Member of the M&A Source Holder of the Merger & Acquisition Master Intermediary designation, M&A Source's highest qualification Holder of the Certified Business Intermediary designation, IBBA's highest qualification Holder of the Certified M&A Professional designation from Coles College Trained by the National Association of Certified Valuators and Analysts to conduct business valuations