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Extremely Profitable Food and Beverage Inventory Management Company

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Virginia Beach city Co., VA   |  Business Services Businesses for Sale – Other Business Services Businesses for Sale   |  Businesses for Sale Between $150k and $250k

Asking Price:
$215,000

Gross Revenue:
$277,932
Cash Flow:
$131,774
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$6,700
included in asking price

FF&E:
 Not Disclosed

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Business Description

Well established (15 years) and profitable hospitality inventory control company in Southeastern Virginia maintaining a sustainable base group of business clients. This business has been operating at high levels for over 15 years in the Hampton Roads market. This is one of the world’s leading service franchises specializing in profit management for bars and eateries. For over 25 years the franchise company has created profitable businesses using their technology and state-of-the-art assessment processes. The goal of the company is to provide owners and executives with customized and independent on-site consultations. Their primary objective is to find new opportunities for increasing revenue and decreasing operational costs. The company has developed a unique, computerized process that compares the exact amount of product the bar operation has actually dispensed during the reporting period against the amount of product recorded as sold through the point of sale POS and then reports those variances back to its clients. The company is poised to expand its market with the addition of food inventory and back-of-house support services.

About the Business

Year Established:
2002
Number of Employees:
3 FT/3 PT
Relocatable:
Yes
Franchise:
Yes
Real Estate:
Leased
Facilities:
This can be an office based or home based business, fully relocatable around Hampton Roads. The business covers the entire Hampton Roads area with several areas through the market untapped. This business has a tremendous amount of growth potential.
Market Outlook/
Competition:
The industry is untapped. With little competition and the best software in the industry, this business is by far the most popular in the market. With a full-service corporate office staff, training department and IT staff, the business is easy to operate and manage.
Growth & Expansion:
The potential for grown is tremendous. The current owner is only capturing about 5% of the restaurants in the market main two sections of the territories.
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About the Sale

Reason For Selling:
Has several businesses which he is selling in order to scale down to retirement.
Training/Support:
Will train for 1 week @ no cost.
This business is scaleable to the owners interests. The owners in some markets focus on managing the operations, some manage the inventory specialist, some work the audits themselves. This business is currently set up with an absentee owner and a manager, a part-time sales person and a manager who oversees five inventory specialists.
Seller Financing:
$175,000 Down/ $40,000 for 24 mos. @ 6%.

Listing Info

ID:
1406668
Ad Detail Views:
104

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Business Listed by

Russ Bieber

Murphy Business & Financial Corporation

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U.S. Census Data for Virginia Beach city County, VA
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Source: Decennial Census (2010), United States Census Bureau.

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Source: American Community Survey (2010-2014), United States Census Bureau.

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