25 Year Food Service Company - $3 Mil Sales - SOLD
Location: CincinnatiListing Number: 101752
Financial Information
Asking Price: $785,000Gross Revenues: $3,322,800
Cash Flow: $315,000
Real Estate: The property is available to purchase.
Business Description
This is an independent company operated by the original retirement aged owner who has enjoyed the company’s last 3 years of sales averaging over $3,000,000. Their specialty is assembling sandwiches, salads, and snacks for the education, vending, and convenience store industries. This is more of a logistics company than a company that requires a buyer with a culinary background. The company is situated on a 1.4 acre site with a 12,000 square foot commissary layout. This is a modern commissary which was built as a “special use” building constructed to serve the needs of a food service business. The business is offered as an asset purchase, free and clear of debt. The owner will train in all aspects of the business and will be available to ensure a smooth transition. Highlights include:
SBA loan eligible
Price includes all inventory
Can easily add another shift
No accounts receivable issues
Real estate is available to purchase
Source for packaging or co – packaging
Additional school products can be produced
Price includes equipment valued at $294,000
USDA interstate licensed and inspected facility
Currently using only 40% of manufacturing capacity
Clean books and records – all numbers are verifiable
Staff and long – time management in place (over 60 years)