Listing ID: 82648
Business Overview
Riley’s Meats is a USDA licensed and inspected wholesale and retail meat operation located in the Butte, Montana Opportunity Zone!!(See attached document detailing Opportunity Zone)
This is a family owned and operated facility that has been in the same family since 1949.
The business is best known for it’s consistent, high quality, cut to specification beef, along with sausages, salamis, chicken, seafood and spices.
The business currently caters to restaurants and retail customers alike.
The opportunity for an incoming buyer is HUGE!!!
Since the facility is USDA Licensed, product from the facility can be shipped across state lines.
The facility is also set up ideally for processing wild game, which is a pressing need in the area.
The business is being sold turnkey, with building, equipment, customer list and recipes.
If your interest is in meat cutting, this is truly a one of a kind opportunity.
Financials to be provided upon completion of Non-Disclosure Agreement.
Financial
- Asking Price: $950,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 1949
Detailed Information
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:3,900
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
3,900 Sq Ft Building, refrigeration, meat cutting and processing equipment, forklift are all included. Building and equipment all comply with USDA Standards.
Owner will stay and train for a brief period and would be available for consulting as needed.
Owner is retiring.
Business territory is primarily Butte, Montana and the surrounding area. The business has multiple exclusive restaurant clients and does supply products to other producers as well. With the USDA License, the products from the facility can be shipped anywhere in the United States.
Growth is only limited by Buyer's Ambition and energy for the business.
This Business Is An Established Franchise
Additional Info
The venture was established in 1949, making the business 73 years old.
The company has 3 employees and is situated in a building with estimated square footage of 3,900 sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons people decide to sell companies. Nonetheless, the real factor vs the one they say to you might be 2 totally different things. For instance, they might say "I have way too many various obligations" or "I am retiring". For many sellers, these factors are valid. However, for some, these may simply be justifications to try to conceal the reality of changing demographics, increased competition, current decrease in incomes, or a variety of other reasons. This is why it is very important that you not count entirely on a vendor's word, but rather, use the seller's response along with your general due diligence. This will repaint an extra practical picture of the business's current circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your deal. Numerous companies take out loans with the purpose of covering things such as stock, payroll, accounts payable, and so on. Keep in mind that occasionally this can suggest that earnings margins are too tight. Many organisations come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to think about. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with suppliers that need to be met or may cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location bring in new clients? Many times, operating businesses have repeat consumers, which create the core of their everyday revenues. Specific variables such as new competitors sprouting up around the area, roadway building, as well as personnel turn over can impact repeat consumers as well as adversely impact future profits. One essential point to take into consideration is the area 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 greater the possibility to build a returning customer base. A final thought is the general location demographics. Is the business situated in a largely populated city, or is it located on the outskirts of town? How might the neighborhood average home earnings effect future revenue prospects?
