Food Processing Equipment & Metric
Location Tennessee,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $1275000
Net Profit / Cash Flow $410000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1980
Number of Employees 6 - 9
Inventory 550000
Relocatable No
Number of Employees 6 - 9
Real Estate Owned
Reason for Sale Retirement.
Description Founded in 1980, this company is a foodservice equipment dealer that imports and services processing machinery. Their specialty is in equipment for the cocoa and oilseed industries. They purchase large food processing equipment and sell it directly to the largest chocolate manufactures and grain processers in the US. In the process, they work closely with company engineers to fit and adapt the machinery to meet the customer's needs. Additionally, they have a large offering of metric products. They have a nice retail location; however the majority of business is served at the customer's location through an experienced sales staff. Over the last 27 years they have grown into a multi-million dollar global operation. The owner is retiring and is willing to stay with the business through a transition period. The owner is motivated to sell and attractive seller terms are available. This business has been pre-approved for SBA loans in conjunction with an asset sale.
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