Listing Number: 76931-501052
Unique opportunity to purchase a 25-year-old business in the wholesale food industry. Based in Houston, Texas, this business has been profitable since inception, with steadily growing revenues and earnings each year. Within the Houston metropolitan area, this business is among the top 3 wholesale food suppliers to the local Asian restaurant market. The two sellers, who are a couple, currently operate as semi-absentee owners. A hired CEO is in charge of the daily operations of the business.
The business focuses on providing wholesale produce, meats, seafood, frozen food, eggs and dry goods services to local Asian restaurants and supermarkets in the Houston, TX metropolitan area. Significant growth opportunities exist with expansion outside of the Asian restaurant market and beyond the current Houston geographic service area. The business has no seasonal or cyclical factors that impact revenue, boasts a diverse customer base with over 300 accounts, demonstrates low customer concentration, and employs 20+ experienced, full-time W2 workers.
The two owners also own the 21,000 SQ FT warehouse property, which includes an office area (2,501SQFT), 4 coolers (6,400 SQFT) for storage, 1 cooler for shipping and receiving (3,820 SQ FT), 1 freezer (3,650SQFT), a dry goods area (3,701 SQ FT), and 6 loading docks. The warehouse, located on 70,541 SQ FT (1.6194 acres) of land, will be sold with the business.
Revenue for 2022 was $ 18,049,959 with an adjusted EBITDA of $1,479,063.
Owners wish to sell the business and retire. This is an excellent investment for all individuals, firms, or a strategic buyer seeking to acquire a proven business with an impressive history of profitability. The business has been pre-qualified for an SBA loan by a bank.
- Price: $ 1
- Down Payment: $1
- Sellers Discretionary Earnings: $ 1,639,063
- Total Sales: $ 18,049,959
- Location: Harris County, Texas
- Inventory: $ 100,000
- FF&E: $ 750,000
- Employees: 21
- Year Established: 1998
- Reason for Selling: Owner's retiring
- Category: Wholesale