Profile: Service For Grocery Stores With A Distribition Profit Center.
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Ad/Listing Information
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| Financial Information |
Detailed Information |
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| Asking Price: |
$1,100,000 |
| Down Payment: |
$400,000 |
| Annual Revenue: |
$1,300,000 |
| Annual Adjusted Net: |
$300,000 |
| Price Range: |
$1 Million to $2 Million |
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| Franchise: |
No |
| Relocatable: |
No |
| Home Based: |
No |
| Real Estate Included: |
No |
| Bkr To Bkr Coop: |
Yes |
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Description:
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This Company Is A Niche Supplier Of Service And Food Products To The Grocery Industry. On One Side It Sells Branded Food Concepts. Its Largest Program Is For Branded Chicken. This Program Is Sold To The Convenience Store And Grocery Store Delis And Is In A Residual Business Of Selling Breading, Oil, Boxes And Other Items On A Monthly Basis. The Company Is A Stock Holder In The Branding Company Which Has Trademarked The Name, Point Of Purchase Material And The Marketing Rights To The Breading In Service And Batters. The Company Has A Service Department Which Was Started 6 Years Ago With One Serviceman At The Request Of A Large Grocery Chain. Today It Services Over 250 Stores, Servicing Fryers, Chinese Food Equipment, Thermolizers And Combi Ovens. The Service Business Increased 25% In The Past Year And Will Increase Another 25% In The 2007-2008 Fiscal Year. The Additional Revenue Is Coming From The Combi Ovens For Which Servicing Started In June Of 2007. The Mileage Charged For Each Job Has Been Changed To Zone Charges Which Will Double The Mileage Income. The Rapid Rise In Income Is Attributable To The Company Obtaining More Service Contracts With Their Largest Accounts This Year. It's On Track To Produce Over 450K In Net Profits For The Current Year, And Is Growing As Fast As It Can Add Service People And Vehicles. The Shift To Service From Products Also Means That The Cost Of Goods Sold Has Decreased Substantially From Last Year. Every Day Is A New Profit Making Opportunity, And New Clients, Staff And Equipment Are Being Added To This Rapidly Growing And Hugely Profitable Business. Ffe Is Extensive With 8 Vehicles Included And Service Inventory Exceeding 200K In Cost. Call Today, This One Won't Last.
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