Wholesale/Dist. - Nondurable Goods | Wholesale/Dist. - Durable Goods

Asking Price	$1,700,000	Inventory	$300,000*
Gross Income	$2,946,309	Real Estate	$375,000*
Cash Flow	$435,000	Year Established	1960
FF&E	$225,000*	Employees	11

* included in the asking price

** not included in the asking price

Founded in December, 1960 this company has grown from a two person business started in a garage to the leading supplier of smoke cooking and meat processing equipment, seasonings and butcher's supplies in the Tri-State area. In 1978 the Company started selling indoor high speed smokehouses to the meat processing industry in Indiana & Ohio, and in 1978 they assumed responsibility for Michigan as well. In 1992 they started their seasoning and ingredient program. In 1993 they developed a route sales and delivery system to sell seasonings, packaging materials and butcher's supplies to the trade. The route truck currently services the entire State of IN and much of OH with scheduled delivery every 6 weeks. It has since grown to become one of their major product lines with active customers in 11 states. Southern Pride smokers were added to the product line in 1994 and with 10 years of steady progress they were named Top Distributor in 2004 and continue to be in the top 5 distributors since. They have been active in the meat industry trade associations for over 30 years and served as a supplier director for 3 state associations and 1 national association. The customer base includes meat processing plants and specialty meat markets which are usually owner operated, many times by multiple generations. Several processors are top 20 customers who buy both equipment and consumable products from us. Their attention to detail along with commitment to service have enabled the company to steadily grow their customer base. Their ongoing strategy has been to identify individual customer needs and respond quickly. Whether it is keeping lead times short, or performing value added services, the company focus has been to become the preferred supplier.

Facilities: The facility includes 11,200 sq. ft. with convenient off-street parking. Includes a warehouse, service department, testing facilities, test kitchen, and offices and two loading docks. The entire facility is very well-maintained. An opinion of value was done and the comps are available for your review.

Competition: Within a 200 mile radius there are a four competitors. Two of the competitors are estimated to be significantly smaller than subject business. The other two competitors are larger, one of which is estimated to be up to 25% larger than subject business. Subject company dominates its targeted marketplace.

Growth/Expansion: The Company has sustained its growth during the current recession where it has experienced near record breaking sales. Huge growth opportunities exist for expansion into adjacent marketplaces as well as Company's untapped internet possibilities for spice and equipment sales. The company also sees expanded route truck sales in Michigan in the future.

Financing: This would be an ideal SBA transaction.

Support/Training: Both partners will stay on for a minimum of 2 years.

Reason Selling: Planning for Retirement