Asking Price – $1,550,000
| TTM Revenue | 3,993,299 | Established | 1984 |
|---|---|---|---|
| Adjusted EBITDA | 338,568 | Location | Dallas Fort Worth Metroplex |
Established company that provides commercial foodservice equipment and supplies to restaurants and caterers. These services include fixed assets, supplies, and smallwares used in the foodservice space. The seller acts as the General Manager and oversees operations, onboarding process of new clients, talent acquisition, and sets the standard for quality and service expectations for the company.
Top Things to Know
- Business Model: Trusted source for equipment, supplies and smallwares in the restaurant and catering industries.
- Turnkey Operations: Company is guided by well-defined systems and processes.
- Stable Revenues: $3.5 to $4.0 million in average gross revenue over the past 3 years.
- Strong Cash Flow: $420k+ over the same time period.
- Robust Cash Flow Margins: Has average 11% cash flow margins over the past 3 years.
- Clean Books and Records: The seller and CPA keep up to date financials.
- Established Brand: Excellent reputation for outstanding products and services – since 1984.
- Robust Marketing: Dedicated team of outside salespeople.
- Longevity: Established in 1984, the company has been a DFW industry leader for decades.
- Assets: $50,000 in fixed assets and equipment included.
- Workforce: Eight employees. Solid and experienced.
- Seller Financing: Up to 10% seller financing available for the right buyer to show seller’s confidence in continued success.
- Training: Seller will train free of charge for up to 3 months to ensure smooth transition. He is also available for up to a year for a mutually agreeable consulting arrangement.
Financing Details:
- With a down payment of $155,000 (10%), third party financing is available to finance the remaining balance over 10 years for a buyer with a requisite background that is qualified by the bank (the owner is willing to carry back up to 10% of the purchase price for the right buyer if needed). It will require a monthly payment of approximately $26,000. All notes will be personally guaranteed.
Support and Training:
- The Owner genuinely desires an effective business transition with seamless customer service through to the buyer. They will train a buyer for up to 90 days. An additional consulting contract can be obtained.
Reason for Sale:
- The owner has been involved with a real estate development company over the last year, and that opportunity is expanding and taking his time away from this business. Seller wants to see the business and team grow under a new owner.
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