Established Foodservice Equipment Suppy Business
Smith County, TX
| Asking Price: | $995,000 |
| Gross Revenue: | $2,158,953 |
| Rent: | $3,500/Month |
| FF&E: | $150,000 |
| Cash Flow: | $309,000 |
| Inventory: | $250,000 |
| EBITDA: | $229,000 |
| Established Year: | 2017 |
Listing ID: 2298999Listing provided by BizBuySell
BUSINESS DESCRIPTION
This business is located in Smith County, TX and distributes foodservice equipment and supplies. Established in 2017 by the current owners, this business has grown to provide equipment and supplies to restaurants, school districts, grocery companies, and more. They are member of the fastest growing group purchasing organization in the country, maintaining a large inventory of new product on hand, and by focusing on 100% customer satisfaction. The company employs a well-trained team, including bilingual staff to serve the Hispanic community. The business maintains a very well-organized and fully stocked retail space and also offers delivery services.
ATTACHED DOCUMENTS
DETAILED INFORMATION
Location
Smith County, TX
Inventory
Included in asking price
Real Estate
Leased
Employees
4
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The business assets include a small delivery van, a large delivery van, a flatbed dually with lift gate, and a box truck as well as all of the computers, software, hardware, leasehold improvements, shelving, etc. use in the operation. The facility is 7,500 SF with 3,000 sf of showroom, 3,500 sf of storage and warehouse space, and 1,000 sf of office space.
Competition
There is significant demand for their products and services among their customer base. Their pricing is competitive on a national level due to their membership in the group purchasing organization.
Growth & Expansion
Their pricing is competitive even with ECommerce sites such as Webstaurant. Online sales could be a growth opportunity for the business. Also, used equipment sales is an area they have not focused on that could be a growth opportunity. Kitchen Design services are also an opportunity for additional revenue.
Support & Training
Current owners are willing to stay on for as long as needed for a smooth transition.
Reason for Selling
The owners have other businesses that they would like to focus on.
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