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2 days ago — Owner is retiring, a unique opportunity to purchase a 20+-year-old established business in food wholesale industry. A Texas-based operation, profitable since inception with steadily growing revenues and earnings year after year.
The business is operated by the founder and specializes in wholesale produce, meats, seafood, frozen food, eggs and dry goods serving local Asian restaurants and supermarkets in a major TX metropolitan area. Revenue was $14,423,483 with an EBITDA of $2,375,601 and SDE of $2,525,601 in 2019.
Recognized as the top-performing food wholesale supplier to the local Asian restaurant market. Business has no seasonal or cyclical factors that impact revenue. Diverse customer base with over 250 accounts, and a low customer concentration. SBA Loan is pre-qualified
Significant growth opportunities exist for the expansion of the operating facility, adoption of new products, broadening of markets and reinforcement of marketing efforts. Transitional support will be provided to the new buyer.
Detailed information is available in the Confidential Information Memorandum, which will be provided after buyers provide a buyer profile and sign an NDA.
Excellent investment for all individuals, firms, or a strategic buyer seeking an enticing opportunity. Business has been pre-qualified for an SBA loan by a bank.
Business was established in 1998, as a small wholefood supplier for Asian restaurants in a major metropolitan area in Texas. What started as a two-person operation with two pick-up trucks, quickly expanded to become the leading supplier of produce and other consumable foods for local Asian restaurants in the area.
Today, the business supplies products to over 250 local accounts with 90-120 daily tickets. In addition, the business has seen a gradual growth in order size and acquires new accounts each year from primarily new Asian restaurant clientele. Competitive Overview • Established company with over 22 years of experience and relationships
• Excellent customer service & responsiveness
• Diverse customer base, with extremely low customer concentration
• Steady growth, with increased earnings and revenue year after year
• Potential to increase revenue streams with the adoption of new products
• Potential to further expand into the non-Asian restaurant and grocery store market
• Little competition in the Austin, TX market for providing Asian specialty items
• Facility expansion capabilities to come in the 2021 year
• Business is 100% referral and recurring clientele base. Little to no active marketing.
Potential Growth Expanding facility operations would allow space for additional business. Options for facility expansion includes a complete relocation of the business or leasing the 15,000 sq. ft. space adjacent to this business that will come available Jan of 2021.
Further expanding the current product line to include more options for meat, seafood, and dry goods.
Further expanding clientele market to include more non-Asian restaurants such as Mexican Restaurants, American Restaurants, Food Trucks and others. In addition, expanding into the non-restaurant segment such as servicing local supermarkets and grocery stores.
Further expanding the current local market to other Metropolitan areas within a 3-hour driving distance is another major segment of growth potential.