Business Overview

This well established, high quality operation:

– Prepares and sells specialty deli products, salads, bakery items, and side dishes
– Operates a catering service and a full-service meat department with USDA cutting room
– Has a versatile on-site fast serve deli with seating as well as a retail specialty grocery store selling wines, frozen foods, cheeses, and provisions.

In addition to its landmark location, this diverse business sells their products internationally via their E-Commerce website. They also prepare meals for many national and global airlines, nationally recognized healthcare companies and hospitals, colleges and universities, and professional sports venue concessions.

Operations as iconic and turn-key as this business do not come around often. Asking price for the business is less than 3x Sellers Discretionary Earnings, with option to purchase the real estate at appraised value. Great business, great cashflow, trained and tenured staff and landmark location combine to make this a unique value.

Financial

  • Asking Price: $995,000
  • Cash Flow: $373,877
  • Gross Revenue: $3,410,533
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:N/A
  • Building Square Footage:10,000
  • Lot Size:N/A
  • Total Number of Employees:24
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Midwest City suburban location. 10,000 square foot, recently appraised, facility. Located in a High Demographic, Midwest Suburb with easy access to Highways and airports.

Is Support & Training Included:

Training is included.

Purpose For Selling:

Retirement

Pros and Cons:

Unrivaled market presence to this city and region. Unrivaled in its market position as the only provider of highest quality Meats, Deli, Bakery products and Catering services of its kind in this metropolitan community.

Opportunities and Growth:

Tremendous growth and expansion potential in the catering, online, and airline meal businesses, locally and nationally.

Additional Info

The business has 24 employees and resides in a building with approx. square footage of 10,000 sq ft.

Why is the Current Owner Selling The Business?

There are all sorts of reasons why individuals resolve to sell operating businesses. However, the genuine reason vs the one they tell you might be 2 absolutely different things. For instance, they might claim "I have too many other obligations" or "I am retiring". For many sellers, these factors are valid. But also, for some, these might just be reasons to attempt to hide the reality of changing demographics, increased competitors, current reduction in profits, or a variety of other factors. This is why it is very essential that you not rely completely on a vendor's word, but rather, utilize the vendor's solution combined with your general due diligence. This will paint a more practical picture of the business's present circumstance.

Existing Debts and Future Obligations

If the current company is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your offer. Numerous businesses finance loans in order to cover things such as inventory, payroll, accounts payable, and so on. Remember that in some cases this can suggest that earnings margins are too tight. Lots of organisations come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to consider. There may be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that must be fulfilled or may result in charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the location draw in brand-new clients? Often times, companies have repeat customers, which form the core of their day-to-day revenues. Particular factors such as brand-new competition sprouting up around the area, road construction, and personnel turn over can affect repeat consumers and also adversely affect future incomes. One essential thing to think about is the location of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Obviously, the more people that see the business often, the better the chance to build a returning consumer base. A last idea is the basic location demographics. Is the business situated in a largely populated city, or is it situated on the outside border of town? Exactly how might the local mean house income influence future earnings prospects?