FOOD EQUIPMENT SALES AND SERVICE
Location: Tennessee > Shelby County
Industry: Wholesale and Distribution > Wholesale and Distributors
Financials
Gross Revenue: $1,275,000
Gross Revenue Comments: 2007 Year End
Cash Flow: $409,000
Cash Flow Comments: 2007 Year End
Inventory: $550,000 (Included in Asking Price)
Real Estate: $800,000 (Not Included in Asking Price)
Business Summary
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.
About the Business
Year Established: 1980
Facilities: They have a 12,000 square foot space including retail space, warehouse and corporate offices. The Real Estate can be either leased or purchased. The purchase price is $800,000.
About the Sale
Reason For Selling: Retirement
Attached Files - Attachment Disclaimer
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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