Listing Number: 76931-645585
Owner is retiring, a unique opportunity to purchase a 20+-year-old established business in food wholesale industry. A Texas-based operation, profitable since inception with steadily growing revenues and earnings year after year.
The business is operated by the founder and specializes in wholesale produce, meats, seafood, frozen food, eggs and dry goods serving local Asian restaurants and supermarkets in a major TX metropolitan area. Revenue was $14,423,483 with SDE of $$2,437,019 and EBITDA of $2,287,019 in 2019.
Recognized as the top-performing food wholesale supplier to the local Asian restaurant market. Business has no seasonal or cyclical factors that impact revenue. Diverse customer base with over 250 accounts, and a low customer concentration. SBA Loan is pre-qualified
Significant growth opportunities exist for the expansion of the operating facility, adoption of new products, broadening of markets and reinforcement of marketing efforts. Transitional support will be provided to the new buyer.
Detailed information is available in the Confidential Information Memorandum, which will be provided after buyers provide a buyer profile and sign an NDA.
Excellent investment for all individuals, firms, or a strategic buyer seeking an enticing opportunity. Business has been pre-qualified for an SBA loan by a bank.
- Price: $10,500,000
- Down Payment: $10,500,000
- Sellers Discretionary Earnings: $2,437,019
- Total Sales: $14,423,483
- Location: Texas
- Inventory: $200,000
- FF&E: $500,000
- Employees: 16
- Year Established: 1998
- Reason for Selling: Retirement
- Category: Wholesale