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 is located in a building with approx. square footage of 10,000 sq ft.

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals decide to sell businesses. Nevertheless, the genuine factor and the one they tell you may be 2 completely different things. For instance, they might claim "I have way too many various responsibilities" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these may just be excuses to try to conceal the reality of altering demographics, increased competitors, recent decrease in earnings, or a variety of other factors. This is why it is very crucial that you not rely entirely on a seller's word, but instead, utilize the seller's solution combined with your total due diligence. This will paint a much more sensible picture of the business's current circumstance.

Existing Debts and Future Obligations

If the current business is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your deal. Lots of companies borrow money in order to cover points like inventory, payroll, accounts payable, and so on. Bear in mind that in some cases this can indicate that revenue margins are too thin. Lots of organisations fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future obligations to think about. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with vendors that should be fulfilled or might lead to fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the location draw in new clients? Often times, operating businesses have repeat consumers, which create the core of their daily profits. Certain aspects such as new competition growing up around the area, roadway construction, and also staff turn over can affect repeat consumers as well as negatively affect future profits. One important point to consider is the placement of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Certainly, the more people that see the business regularly, the higher the possibility to build a returning consumer base. A last idea is the general area demographics. Is the business located in a densely populated city, or is it located on the outskirts of town? Exactly how might the local typical household income influence future earnings potential?