Premade Meal Service Approved by National School Lunch Program

FL

Premade Meal Service Approved by National School Lunch Program
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Asking Price: N/A

Cash Flow: N/A

Gross Revenue: $4,892,000

EBITDA: $427,000

FF&E: N/A

Inventory: N/A

Established: N/A

Premade Meal Service Approved by National School Lunch Program

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Business Description

The company creates well-balanced, delicious, and reasonably priced meals for schools, adult daycare facilities, and medical centers throughout South Florida. It is an approved caterer for a variety of federal and state programs including the Florida Child
Care Food Program (CCFP), National School Lunch Program (NSLP), and Florida Department of Elder Affairs Adult Care Food Program (ACFP).

Key aspects
· Key player in premade meal service catering to qualified federal and state programs in Southeast Florida
· Revenue grew 60% from 2016 to 2017 primarily from organic referrals
· Childcare makes up approximately 65% of revenue, the balance is adult care

Detailed Information

Facilities:
Real estate · The company operates from two facilities leased from unrelated third parties.
Competition:
Shareholder/owner objectives · There are three owners all of which are active in the business. They are flexible on deal structure, and will either continue to grow the operations alongside a partner with access to additional resources, or consider a full sale.
Growth & Expansion:
Opportunities · Pursue continued growth among schools, daycares and nursing facilities · Expand operating facility and hire additional employees · Continue to add large medical centers and build private customer base
Reason for Selling:
Below
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David Steverson

Business Listed By:
David Steverson

Benchmark International

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Sponsoring Broker:
Emily Cogley

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