Phil Hoffman

Germantown, TN (USA)
Role(s):
Founder/Owner/Principal

InnOvation Seating Solutions

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Location: Germantown
Industry: Manufacturing
Year Founded: 2009
Number Employees: 10-50 people
Business Stage: Growth (not profitable)
Entity Type: Limited Liability Company
Description: A safe investment that will generate cash and more than double your money in 4 years We manufacture a product that is required for refurbishment of hotel guestrooms every 6-8 years in order for a hotel to keep its flag or sign (brand). We are an approved source by most major hotel chains. This is an industry with over 4,600,000 guestrooms. Amount Seeking: $500,000 ... with opportunity to more than double your investment is 4-5 years Early stage Startup Company with solid foundation set Start date: April 20, 2009 Industry: Manufacturing specific products for hotel guestrooms, breakfast/dining areas, lobbies Company Overview: Established trend-right product line “made to order” (not to inventory) for hotels. Large established mature market with constant changes requiring replacements in guestrooms, breakfast/dining areas, lobby/public areas. A strong management team that has more than 100 yrs experience in this segment of the hospitality market … this management team has done this before working for another company. Company is actively doing business now with an established customer base and has a current $1-million orderlog. Have earned approved status with major hotel chains that require franchisees to use our products. The current accounts receivables payment activity has been excellent. Customer Targets: FF&E Dealers, all major hotel brand/chains. Management Team: Is a Dream Team for this market, this product. Over 100 years experience in this field. Have done this before and confident can do it again quicker and better. Competition: There are several competitors in this market. Most do not have the driven focus necessary for this market and lack knowledge and experience to sustain success. Competitive Advantage: 1. This business has the ability to generate cash. 2. Superior management teams industry knowledge, experience, integrity and work ethic in this market. 3. Lean overhead, location, value based products. Development Stage: Product launched and in pipeline. Have 20 months of active product development, manufacture, order processing, customer sales, etc. The hardest part of a startup company has been set in place during a very difficult economic climate. Size of Market: Over 4.6-million guestrooms; over 35K properties. Franchisees typically refurbish every 5-8 years. Over $1B market. This is an outstanding opportunity for the astute investor that takes quick advantage of this Winner!