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Business For Sale

RAPIDLY GROWING PRODUCE DISTRIBUTOR

Attn: Mickie Bernard
Not Disclosed, TX, USA
Listing Number: "1652"
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Asking Price: Not Available
Business for Sale Industry: Wholesale/Distribution: Non-Durable  
Year Established: 1980
# of Employees: 10
Yearly Revenues: $30,348,000
Yearly EBITDA: $2,289,000
 

Business for Sale Overview:

The March Group, LLC currently represents a well-established & profitable importer & wholesale distributor of a variety of fresh fruits & vegetables to clients throughout the US. Between 2005 and 2007, revenue has grown five-fold to $30 MM, accompanied by equally impressive operating profits that doubled to $2.3 MM. Revenue in base year 2008 is estimated at $33 million, and operating profits are estimated to exceed $3.6 million. Diversified client base of retail customers (52%), food service customers (38%), & food wholesalers/brokers (9%) located across the US includes such nationally trusted names as Wal Mart & HEB Grocery. Historically, the Company specialized in a variety of onions, sold by the bag or by the carton, but in recent years a serious effort to expand product lines has enabled dramatic growth opportunities. Offerings now include watermelons, limes, carrots, mango's, cabbages, & strawberries. Strategically located for convenient access to grower base. Tremendous avenues for growth, including an entry into the ever-more-popular organic foods market & expansion of individually quick frozen (“IQF”) product offerings, can be pursued with the addition of an investor. Principal shareholder & tenured sales manager, combined are the driving force behind the remarkable gains in recent years and would like to stay on with the Company.


Property Features and Assets:

A 150,000 square feet warehouse facility is comprised of office space (500 square feet), a refrigerated warehouse (75,000 square feet), and a dry warehouse (74,500 square feet). In lieu of rent, the Company pays a low per pallet entry/exit fee. This is a yearly, open-ended arrangement expected to decrease overhead significantly. The Company is headquartered from a nearby office space, 2,700 square feet, leased from a third party at fair market rate.


Market Competition and Expansion:

In the past few years, the Company has followed an aggressive business development plan. Based on the great success of this endeavor, management believes that an investor would enable the Company to pursue many additional avenues for growth. An increase in capital combined with the Company’s existing infrastructure, supplier & client base, & extensive industry expertise would facilitate an entry into the ever-more-popular organic foods market & expansion of individually quick frozen (“IQF”) product offerings.


Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • The owner may be willing to work for the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.
  • This is not a distressed business or bankruptcy situation.

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