Suburban, Maryland
Listing Type: For Sale By Broker
Category: Vending
MLS #: JE418031
| Description: |
This is a very successful, 3rd generation, family owned business that is down to the last family member. The business has performed extremely well right through the current recession. The owner has consistently earned a substantial income with this business. The business is multifaceted with retail and wholesale channels and an extremely strong brand in a local market that has not been aggressively marketed outside of the local area. On top of all this, there is a self storage complex on the same property that further diversifies the enterprise and provides a regular monthly stream of cash flow. The food products office staff handles all administration so there is synergy bewteen the 2 businesses and no separate staffing for the self storage business. Self storage costs are thus kept low enabling successful operation even in the current tight consumer spending market. There is a core group of long-term employees for a buyer to rely on that know how to run all facets of operations and none are close to retirement age. The business is located in a rural but developing area and is close to a major north south highway for easy access to expanded distribution. Between the business and real estate assets, there is substantial collateral for financing and government backed loan programs are also available. Ideal for a buyer or buyer team with approx. $750K of equity injection and food industry experience.
The food business is a very strong premium brand in a 25 mile radius marketplace. Business very successfully retails and wholesales it products through multiple channels. Company has recently expanded its market territory through chain stores. Owner has been very selective at growing business to maintain efficient delivery system and a sales and marketing oriented buyer may be able to bring on substantial growth.
Company has great tasting products and extremely strong brand. Located in a rural area that is ripe for growth after current recession. Convenient to a major highway for geographic distribution expansion. Commercial kitchen on site also affords possibility to expand prepared foods to market to convenience oriented buyers.
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| Pricing Information |
| Asking Price: |
$4,489,000 |
FF & E: |
$350,000 |
| Gross Revenue: |
$4,526,000 |
Lease/Rent: |
$0 |
| Cash Flow: |
$710,000 |
Inventory: |
$50,000 plus $3.5M R.E. |
| Adjust Net Income: |
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Real Estate: |
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| Monthly Payroll: |
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| About The Business |
| Style: |
Information not available. |
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| Year Established: |
1925 |
Lease/Rent: |
$0 |
| Full Time Employees: |
20 |
Part Time Employees: |
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| Size (square feet): |
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Lot Size (acres): |
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| About The Sale |
| Reason for Selling: |
| Retirement |
| Is Financing Available? |
| Yes |
| Is Owner Willing To Train/Assist New Owner? |
| Yes |
| Is This a Home Based Business? |
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| Is This a Distressed Business or Bankruptcy Situation? |
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