Meat and Seafood Distributor

MN

Seller Financing Available
Meat and Seafood Distributor

Asking Price:N/A

Cash Flow:N/A

Gross Revenue:$6,700,000

EBITDA:$270,000

FF&E:N/A

Inventory:$350

Established:1994

Meat and Seafood Distributor

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Business Description

The Company was founded in 1994 and sells six-packs of its Company-branded boxes of steaks,chicken, seafood, and pork which are processed in a USDA government inspected plant.
The Company sells its products to independent and multi-office home delivery distributors on a nationwide basis. During 2015, approximately 200 customers located in over 20 states bought meat and seafood products from the Company.
The business has become a market leader and preferred high quality meat source through its ability to provide experienced and knowledgeable pricing and market advice to customers. The Company focuses on quality service and time deliveries while offering its customers’ competitive pricing.

Detailed Information

Inventory:
Included in asking price
Employees:
3
Facilities:
The Company rents a 900 square foot office from a third party lessor, and also rents freezer space in approximately 10 cold storage facilities throughout the US.
Competition:
(A) Strong Supplier Relationships: The Company has over 10 current suppliers that it has built strong relationships with including its primary steak supplier, J&B Foods, which has been the Company primary supplier for over 21 years. The strong relationships built with these suppliers provides for a competitive price advantage and ensures the suppliers don’t target the Company's customers. (B) Strong Customer Relationships: The Company’s industry reputation helps to maintain customer relationships, with many relationships dating back to its inception 22 years ago. The Company maintains approximately a 90% rate of repeat business from its existing customers over the historical period. (C) National Reach: During 2015, the Company sold to over 200 customers located in over 20 states.
Growth & Expansion:
(A) Develop a “retail” office program: Management is interested in developing and implementing the retail model which includes local offices, recruiting sales people, leasing delivery trucks, and establishing the systems to administer the systems. (B) Add complimentary products to the Company’s product mix: Management is considering adding complimentary “center of the plate” products which, compared to meat and seafood products, have historically generated better profit margins. (C) Develop a social media marketing program: Management believes a proactive marketing program designed around social media could identify new prospective customers.
Support & Training:
The sole shareholder is willing to stay with the Company during a transition period in order to ensure a seamless transfer of ownership.
Reason for Selling:
Retirement Planning

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Bryan Gooden

Business Listed By:
Bryan Gooden

Generational Equity, LLC

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Sponsoring Broker:
Lisa Lippe

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