Listing Number: 76931-739534
The business was established in December, 1992, the current owner took over the business at the beginning of 2019.The business specializes in food wholesaler of vegetable, fruits and dry goods services mainly for local Asian restaurants in the Houston, TX metropolitan area. There are also clients in other areas of Texas, such as McAllen, Shreveport, Victoria, Beaumont, Tylor, Corpus Christi, etc. Business has no obvious seasonal or cyclical factors that impact revenue, though it may be little bit slow in April, little bit high in Dec. The business currently has over 350 clients with a low customer concentration.
The top 5 clients only take about 10% of the revenue. About 20 employees in place. Revenue for 2021 was $11,535,899 with Seller Discretionary Earnings (SDE) of 215,830. It is projected with 12,500,000 revenue with about $350,000 SDE in 2022. Over 10 million revenue means the solid customer base and the potential growth opportunities of the business. The significant growth opportunities exist in improving management, reducing cost and expenses, expanding market outside of the Asian restaurant market and beyond the current geographic service area.
The lack of marketing activities for many years since the sales from the brand name and referral has kept the company busy. the business can attract more clients if active marketing initiatives, such as Website and on-line marketing, email campaigns, advertisement, sales promotion, drop by visits, etc. are adapted.
The owner sells the business because of health issue and the limitation to manage and grow the business. Rare opportunity for both strategic and financial buyers to acquire a stable business with great potential to grow at a reasonable price.
1. Cash Buyers/offers Only
2. Up to 30% of Seller Financing Available
- Price: $ 1,150,000
- Down Payment: $1,150,000
- Sellers Discretionary Earnings: $ 215,831
- Total Sales: $ 11,535,900
- Location: Harris County, Texas
- Inventory: $ 100,000
- FF&E: $ 400,000
- Employees: 23
- Year Established: 1992
- Reason for Selling: Health Issue of Owner
- Category: Wholesale