MergerPlace

Food & Beverage Inventory Management Co.

Virginia (Virginia Beach City)


  • Asking Price: $215,000
  • Gross Income: $277,932
  • Cash Flow: $131,774
  • Real Estate: Not Disclosed
  • Inventory: $6,700
  • FF&E: Not Disclosed
  • Listing ID: #200858
  • Established: 2002
  • Employees: 3 FT/3 PT

Business Description

Well established (15 years) and profitable hospitality inventory control company in Southeastern Virginia maintaining a sustainable base group of business clients. This business has been operating at high levels for over 15 years in the Hampton Roads market. This is one of the world’s leading service franchises specializing in profit management for bars and eateries. For over 25 years the franchise company has created profitable businesses using their technology and state-of-the-art assessment processes. The goal of the company is to provide owners and executives with customized and independent on-site consultations. Their primary objective is to find new opportunities for increasing revenue and decreasing operational costs. The company has developed a unique, computerized process that compares the exact amount of product the bar operation has actually dispensed during the reporting period against the amount of product recorded as sold through the point of sale POS and then reports those variances back to its clients. The company is poised to expand its market with the addition of food inventory and back-of-house support services.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Virginia
County: Virginia Beach City

Company Information

Year Established: 2002
Home Based: No
Franchise: Yes
Relocatable: Yes
Number of Employees: 3 FT/3 PT

Financial Information

Asking Price: $215,000
Gross Revenue: $277,932
Cash Flow: $131,774
Inventory: $6,700
Seller Financing Available: Yes

Property Information

Facilities:

This can be an office based or home based business, fully relocatable around Hampton Roads. The business covers the entire Hampton Roads area with several areas through the market untapped. This business has a tremendous amount of growth potential.

Growth & expansion opportunities:

The potential for grown is tremendous. The current owner is only capturing about 5% of the restaurants in the market main two sections of the territories.

Competition:

The industry is untapped. With little competition and the best software in the industry, this business is by far the most popular in the market. With a full-service corporate office staff, training department and IT staff, the business is easy to operate and manage.

Reason for selling:

Current owner has several businesses which he is selling in order to scale down to retirement.

Support & Training:

Will train for 1 week @ no cost. This business is scaleable to the owners interests. The owners in some markets focus on managing the operations, some manage the inventory specialist, some work the audits themselves. This business is currently set up with an absentee owner and a manager, a part-time sales person and a manager who oversees five inventory specialists.

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Business Listed By:

Chris Settelen

Murphy Business Brokers