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Businesses For Sale   >>   Catering Services Businesses For Sale

Specialized Food Service Business For Sale

Location  United States
Asking Price Range  $2.5M - $5.0M
Gross Revenues  $5300000
Net Profit / Cash Flow  $1100000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  1990
Number of Employees  35 - 49
Inventory  50000
Relocatable  No
Number of Employees  35 - 49
Real Estate  Owned
Training  Owner willing to stay through reasonable transfer and transition period.
Reason for Sale  Having successfully built the business, owner wishes to retire and pursue other interests.

Description  
Company provides bulk delivered institutional, ready to eat meals in the Maryland and DC area. Results speak for themselves. All management and personnel are in place. Approximately 40 employees. Company has well equipped facility and many delivery vans as well as valuable continuing contracts. It is well regarded by its customers. Having successfully built the business, owner is looking to travel after proper transition period. Asking Price: Seller has indicated that he will accept what we consider an achievable asking price and terms. Great synergistic add-on for institutional food firm, PEG in the space, or platform business for established business person looking for their next venture. It appears SBA and other financing is available to qualified buyers. Business for sale by Baltimore Maryland business brokers. Facilities: Company has well-equipped, updated facility. The Company has a fleet of delivery trucks. Competition: Several primary competitors which Company has consistently outperformed as Company has consistently grown. Growth & Expansion: The Company has a number of options for expansion. Financing: Seller will consider second trust note possibly tied to reasonable earn-out.


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