Wholesale Produce Company in South Texas w/RE Avail - SBA Financing

Houston, TX (Harris County)

Wholesale Produce Company in South Texas w/RE Avail - SBA Financing
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Asking Price: $599,000

Cash Flow: $148,551

Gross Revenue: $2,368,787

EBITDA: N/A

FF&E: $13,800

Inventory: N/A

Real Estate: $325,000*

Established: 2012

*not included in asking price.

Wholesale Produce Company in South Texas w/RE Avail - SBA Financing

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Business Description

Established in 2012, this wholesale produce company imports and sells a full line of fruits and vegetables to grocery suppliers and produce companies all over the US. Located in the produce terminal market of McAllen, TX, the company has built an efficient system of harvesting, packaging, sales, and distribution with growers throughout Mexico. Their produce can be found in stores like Walmart and HEB. The company is Primus GFS compliant, licensed with PACA and registered with Blue Book Produce Services. Sources of new business are 40% Blue Book, 40% word-of-mouth and 20% via advertising & social media. The company is also setup with ProducePay, a leading produce factoring company which allows them to collect payments within 30 days. Revenues last three years averaging over $2 million per year. Great growth potential to increase revenues by expanding sales staff and adding new product lines by working with more growers. Certified warehouse is 2800+SF with 15 trucks capacity. Trademark, brand name/logo and website are included in sale. Seller will provide training to ensure smooth transition with key supplier and grower contacts. The buyer can either lease the property for $2083/month base rent or buy the property for $325,000. Please refer to CBB Listing #8160

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Detailed Information

Location:
Houston, TX
Real Estate:
Owned
Not included in asking price
Building SF:
2,830
Employees:
3 Contractors
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
2830sf warehouse facility
Growth & Expansion:
Expand sales staff. Add new produce lines by working with more growers. Participate in produce trade shows / expos.
Support & Training:
Seller will train
Reason for Selling:
Career change will not allow time to grow business
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(from currently available funds)
 
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Frank & Rose Stabler

Business Listed By:
Rose Stabler

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. The TABB Certified Business Broker certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the TABB.

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