Food Equipment Distributor

New Castle, PA (Lawrence County) (Relocatable)

Seller Financing Available
Food Equipment Distributor

Asking Price:$560,000

Cash Flow:$165,000

Gross Revenue:$1,600,000

EBITDA:N/A

FF&E:$3,000

Inventory:$60,000*

Rate/Sq. Ft.:$2.00

Established:1985

*not included in asking price.

Food Equipment Distributor

Get Financing Save Print Share Valuation Report

Business Description

Exclusive distributor with protected territories for strong, nationally and
internationally recognized manufacturers. In addition to equipment sales,
the company has continual residual sales and revenue sources from training
services, exclusive food products, supplies, and service parts. The
customers include restaurants, caterers, grocery stores, taverns,
convenience stores, and commercial food service companies. The company has a 31 year history of success representing western PA, WV, Eastern NY, and
parts of MD & OH. Annual 2015 Revenue: $855,000 plus additional $800,000 in
food sales. Present ownership outsources food delivery and service which
could be changed with new ownership for additional revenue source. Business
Valuation available to qualified buyers. Listing Price $560,000.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building Sq. Ft.:
3,000
Lease Expiration:
N/A
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Owner rents 3000 SF of space for the office, equipment storage and training area for in house training for new equipment customers. However, most training is on site at the customer's business location. Company receives $1500 for training services.
Competition:
Protected territories for primary equipment products and services. There are competitive products in the market; however, the distributor's manufacturers are considered to be the leader in the food equipment space. Projected growth 10% per year. Although this business can be relocated, a new location would be most likely to remain in the protected territory area: Western PA, Eastern OH, WV, Western MD or Western NY.
Growth & Expansion:
Increase sales efforts via personal sales calls and aggressive internet marketing with updated website improvements.
Financing:
Yes for qualified buyer
Support & Training:
Full support and training. Sales manager will remain for 1-6 months depending upon the needs of new ownership.
Reason for Selling:
Retirement

Listing Statistics for Premium Members

Ad#:1305424 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's terms & conditions before responding to any ad.

Contact the Seller

(from currently available funds)
 
Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Richard B. Ames

Business Listed By:
Richard B. Ames

RB AMES CO

Show Phone Number

View My Listings

Find out more...

Get more details about this business.


Similar Listings