Wholesale distribution of foods and supplies
Angelina County, TX
| Asking Price: | $5,500,000 |
| Gross Revenue: | $2,400,000 |
| FF&E: | $2,417,629 |
| Established Year: | 1932 |
| Cash Flow: | $542,213 |
| Inventory: | $1,934,586 |
| Real Estate: | $7,050,000 |
Listing ID: 1516910Listing provided by BizBuySell
BUSINESS DESCRIPTION
Turnaround Opportunity: After weathering the Covid economical down turn in the food/restaurant industry, the two family member owners of this 3-family member ownership are not active, necessitating sale of the business. The managing owner and his son wish to remain with the business, retaining a partial ownership. Consequently, with $24,000,000+/- in sales and $8,514,811+/- in net assets (including real estate) this is offered for an immediate reduced price of only $5,500,000.
DETAILED INFORMATION
Location
Angelina County, TX
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Employees
54
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
2 storage and shipping facilities in 2 locations.
Competition
Excellent reputation through 4 generations! This turnaround/sale is caused by the salaries, benefits & non-production of the 2 leaving family owners pulling down sales and profits! The replacement of these 2 owners will provide growth in their current region and expansion state wide.
Growth & Expansion
Currently regional operation that needs to go state wide and beyond.
Support & Training
Provided by Owner/Operator/Seller (and his son) who wishes to stay with the business
Reason for Selling
Retirement of 2 partners...managing partner & son will stay with business.
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