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Food Safety Company For Sale

Location  Los Angeles, California, United States
Asking Price Range  $250K - $500K
Gross Revenues  $148000
Net Profit / Cash Flow  $2
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  1994
Number of Employees  1 - 3
Relocatable  No
Number of Employees  1 - 3
Real Estate  Leased
Reason for Sale  Retire

A well-established (over 18-years) Food Consulting Business has become available as a result of owner retiring. The Food Safety Audit industry plays a crucial role in maintaining high levels of quality & health safety for restaurants, grocers and retailers. The Company has retained a number of long standing customer accounts along with numerous well-entrenched strong relationships with key government agency representatives, who are critical to approving client issues. The owner is willing to remain through a detailed transition period so as to implement an orderly change of ownership. The business has multiple revenue streams including: Auditing (preparation for Health Dept. exams), Training (Classroom course for food handlers license), Cleaning (remediating kitchens that fail), Plan Check (Proper Health Dept. acceptable layout of new kitchens and new equipment). The Current owner has done virtually no marketing for new clients or business in recent years...providing a great opportunity for a new owner to expand the business in each of its four revenue components. The business has minimal expenses ... auto, gas, insurance, occasional classroom material is about it. Net provable income is currently about $100,000 annually with lots of room for a new energetic owner to grow current profits. Introducing prominent internet exposure would be another innovation for a new owner that would have a positive impact. Newly introduced Government regulations regarding food safety standards coupled with heightened public concern regarding foodborne illnesses also enhance the future importance and potential of established companies in the Food Safety industry. Given the companies frequent relationship with pest control partners ...a current pest control company would likely find this a strategically profitable acquisition. While the owner is anxious to retire he feels a compelling sense of responsibility to a new owner and his current clients to work closely ...

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