Owner Financing is Available!
Business Overview:
Adam Noble Group offers, for your ownership consideration, a growing, recession-proof business in Dallas, Texas. The company (call it "Grow-Co" for now) has a 10 year track record of 10-30% annual growth and the owner has NOT formerly marketed their services! Grow-Co typically relies on word of mouth leads from its current clients. Grow-Co offers a complete cafeteria management service to private schools, charter schools and day cares. Grow-Co also offers a catered food service to schools that are operating under contract to the US Department of Agriculture (USDA) and the Texas Department of Agriculture (TDA). Grow-Co manages 7 private school cafeterias and serves 11 Charter Schools and Daycare Centers from its production kitchen. All customers are under contract for 1-5 years and Grow-Co has a proven track record for renewing contracts. Grow-Co's business model is scalable across the city, the county, the state and the entire country. Grow-Co's market encompasses all schools that offer food service to their students. There are approximately 159,000 schools and 76,000 day care centers in the United States. HOWEVER, Grow-Co has opted to focus ONLY on the local Dallas Metro area. SIGNIFICANT opportunities to grow sales and profit by expanding into the USDA sponsored food service operations including 1) National School Lunch, 2) National School Breakfast, 3) After School Snack, 4) Child and Adult Care, 5) Summer Food Service.
The owner acts as general manager. All management personnel are in place, many with 10 yrs tenure and all are expected to remain. The asking price for the assets of the business is $475,000 payable as $100,000 down payment, $100,000 assumption of existing liability, $50,000 seller-financing (5 yrs @ 6%) and $225,000 commercial financing. The assets include inventory at cost of $21,000, FFE and Vehicles valued at $215,000. The business QUALIFIES for SBA Financing.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
3,500 Square Feet production kitchen including office-warehouse is leased for $2,500/month thru 2013. Utility cost averages $2,000/month. The facility is conveniently located on major road with easy Interstate access. FFE includes school catering software, kitchen, catering equipment and vehicles.
Market Competition and Expansion:
SIGNIFICANT opportunities to expand sales and profits exist including 1) expand programs sponsored by USDA incl national breakfast/lunch, etc, 2) expand into Tarrant County, 3) direct market to Dallas schools and day cares, 4) offer services to 159,000 schools and 76,000 day care centers in the USA. Competitors are local catering companies and major international players.
Reason for Selling:
Retirement
Additional Details:
- The property is leased.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.