Business Overview

This Midwest Based Sales and Service company has been offering the best equipment and taking care of its value clientele for several generations. Primarily focused food processing equipment, sales, service, and other ancillary supplies covering a multiple state client geography. Well trained and seasoned staff, great product lines, increasing revenues and profitability are just a few of the great attributes this company offers. Revenues have been climbing over the last several years; financials are very clean and profitable.

Real estate is available for purchase as well. The owner is headed into retirement and seeking a Buyer who wants to be a part of a great team, brings new energy to the organization, and can implement technology driven marketing. It may be an individual looking for a business to own, or a company looking to add to their existing book of business through an acquisition.

Prospective purchasers should contact Matthew Ashburn at matta@sunbeltnetwork.com for a confidentiality package and further details. To protect the ongoing confidentiality of this business the location has not been submitted online; all prospective Buyers will be screened for management and financial sufficiency. The offering price and additional detail will be forthcoming.

Financial

  • Asking Price: N/A
  • Cash Flow: $1,113,000
  • Gross Revenue: $9,000,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: Yes
  • Established: 1979

Detailed Information

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

Available for a lease or purchase

Is Support & Training Included:

Seller will negotiate a transition period

Purpose For Selling:

Retirement

Additional Info

The business was founded in 1979, making the business 43 years old.

Why is the Current Owner Selling The Business?

There are all types of reasons why individuals choose to sell operating businesses. Nevertheless, the real reason and the one they say to you may be 2 totally different things. As an example, they might claim "I have way too many various responsibilities" or "I am retiring". For many sellers, these reasons are valid. However, for some, these may just be justifications to try to conceal the reality of altering demographics, increased competition, current decrease in revenues, or a range of various other factors. This is why it is really vital that you not count entirely on a seller's word, yet rather, use the vendor's solution in conjunction with your general due diligence. This will paint a more practical picture of the business's existing circumstance.

Existing Debts and Future Obligations

If the current entity is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your offer. Many companies take out loans in order to cover things like inventory, payroll, accounts payable, and so on. Keep in mind that sometimes this can mean that revenue margins are too small. Numerous organisations come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future obligations to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with suppliers that must be satisfied or may result in penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do businesses in the location bring in new consumers? Most times, companies have repeat customers, which form the core of their everyday revenues. Particular elements such as brand-new competition sprouting up around the location, road construction, as well as personnel turnover can influence repeat consumers and negatively impact future revenues. One vital thing to think about is the area of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Obviously, the more individuals that see the business regularly, the greater the opportunity to construct a returning client base. A final thought is the basic location demographics. Is the business placed in a largely populated city, or is it situated on the outskirts of town? How might the regional median family earnings influence future revenue potential?