25 Year Food Service Company - $3 Mil Sales - SOLD

25 Year Food Service Company - $3 Mil Sales - SOLD Location: Cincinnati
Listing Number: 101752

Financial Information

Asking Price: $785,000
Gross 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)