Primary Category:Food & Related Product Businesses for Sale
Business Description:
Family owned and operated that has been in business for thirty-eight years, currently managed by second generation sister and brother. Company processes “ready to eat” and “heat and serve” Asian meat products; comprised of chicken, beef and pork.
The company processes and packages twenty different “heat and serve” and “ready to serve” meat products utilizing authentic Asian recipes. The products are sold nationally through “direct to retail” and distributor channels. Geographic territories are dispersed, and customer concentration is low. The top five customers represent 21% to 23% of sales over the past three years.
The employees are knowledgeable and dependable and have flexible schedules. Two of the employees are long-term at twenty-three years and sixteen years.
Execution of an NDA and completion of a Buyer Profile presenting relevant experience and financial capacity to complete the transaction are required prior to any conversation about the business and/or release of the CIM.
Financial Information
$4,300,000
Asking Price
N/A
Cash Flow
N/A
Gross Revenue
N/A
Down Payment
$766,000
Adjusted EBITDA
Business Location
City:
Confidential
State:California
Reason for Sale
Retirement
Detailed information
Year Established:1987
Home Based:No
Franchise:No
Relocatable:No
Lender Prequalified:No
SBA Prequalified:No
Full-Time Employees: 15
Part-Time Employees:N/A
Contractors:N/A
Owner Worked Hours/w:N/A
Inventory Included: Yes
Inventory Value:
$50,000
Monthly Rent:
$4,393
Real Estate Available: Yes
Real Estate Included: No
Real Estate Value:
N/A
Building Size: 4000
FF&E Included?: No
Training/Support
The Seller will provide two weeks of training at 30 hours per week after the close of escrow.
Facilities
• Building – 4,000 ft2
• The space is production focused; no signage or customer facing attributes.
• Facility is not open concept but is well laid out and makes efficient use of space.
• USDA has a dedicated office.
• There is sufficient capacity to accommodate growth.
Market Outlook/Competition
There is healthy competition on a national level. The Company was the first entrant in what was initially a niche industry. Retail customers indicate that end users prefer the taste profile and consistency this company offers over the competition.
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