MergerPlace

25 Year Food Service Co - $3 Mil Sales

Cincinnati, Ohio (Hamilton)


  • Asking Price: $785,000
  • Gross Income: $3,322,800
  • Cash Flow: $315,000
  • Real Estate: Not Disclosed
  • Inventory: $9,000
  • FF&E: $294,000
  • Listing ID: #225886
  • Established: 1992
  • Employees: 20

Business Description

This is an independent company operated by the original retirement aged owner who has enjoyed the company’s last 3 years of sales averaging over $3,000,000. Their specialty is assembling sandwiches, salads, and snacks for the education, vending, and convenience store industries. This is more of a logistics company than a company that requires a buyer with a culinary background. The company is situated on a 2.25 acre site with a 12,000 square foot commissary layout. This is a modern commissary which was built as a “special use” building constructed to serve the needs of a food service business. The business is offered as an asset purchase, free and clear of debt. The owner will train in all aspects of the business and will be available to ensure a smooth transition. Highlights include:

SBA loan eligible
Price includes all inventory
Can easily add another shift
No accounts receivable issues
Real estate is available to purchase
Source for packaging or co – packaging
Additional school products can be produced
Price includes equipment valued at $294,000
USDA interstate licensed and inspected facility
Currently using only 40% of manufacturing capacity
Clean books and records – all numbers are verifiable
Staff and long – time management in place (over 60 years)


Business Details

Primary Business Category: Manufacturing - Food
Location: Ohio
Metropolitan Area: Cincinnati
County: Hamilton

Company Information

Year Established: 1992
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 20

Financial Information

Asking Price: $785,000
Gross Revenue: $3,322,800
Cash Flow: $315,000
EBITDA: $315,000
FF&E: $294,000
Inventory: $9,000
Seller Financing Available: No

Property Information

Facilities:

This 12,000 square foot commissary is only 14 years old and well – suited to handle much more capacity. It is designed for high volume and high production food preparation. There are large amounts of refrigeration and large areas for food preparation. It includes an elaborate exhaust system, an oversized heating and central air system, 3 walk in boxes, and a special all -purpose flooring system.

Growth & expansion opportunities:

The company only uses 40% of it manufacturing capacity with adding another shift as a very definite path towards growth. The company also uses considerable packaging machinery in their operation which could be a service offered to other companies.

Competition:

With long time management and employees in place and a great commissary in which to operate, the company is ahead of its competition.

Reason for selling:

Ownership is over the age of 65 and would like to fully retire after a successful transition to a buyer.

Support & Training:

The owner will train in all aspects of the business and will be available to ensure a smooth transition.

Contact Business Seller

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Business Listed By:

Dan Long

Cincinnati Business Brokers