Turnkey Food Service Management Company

Not Disclosed, CA
Orange County


Asking Price: Annual Revenue:
$1,595,000 $2,957,000

Food & Beverage: Miscellaneous


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RE: Turnkey Food Service Management Company Broker: Vasilis Georgiou

Quick Facts

Asking Price: $1,595,000
Annual Revenue: $2,957,000
Net Profit: Not Disclosed
Cash Flow: $460,000
Total Debt: Not Disclosed
FF&E: $10,000
Real Estate: Not Disclosed
Year Established: 2001
Employees: 3
BBN Listing #: 701831864
Broker Reference #: ocfood

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Business Overview:

Multiple Multi-Year Contracts with State Government Entities

Founded in 2001, this Company is a food service management company that operates their clients’ food service operations, turn-key, with their staff and their menus, while taking responsibility for all regulatory agencies that inspect their clients such as hospitals and residential facilities. This includes federal-CMS, JCAHO for hospitals, and the State Department of Education for some of their clients under the National School Lunch program. County inspections include the local "'Health Departments" for food safety.

The Company has great experience in meeting regulatory requirements in Healthcare, National School Lunch Program compliance, as well as problem resolution for clients in areas of food quality, service issues, cost reduction and regulatory compliance.
The company can compete with larger Food Service management companies through an alliance with one the largest GPO in Food purchasing. Its customer base consists of non-profit 501(3)(c), residential rehabilitation (homeless youth and adults), Government hospitals and retirement communities. The Company focuses its marketing efforts on NON-PROFIT organizations dedicated to youth rehabilitation and Government (County) facilities which delivery services to the mentally ill and Children at risk. An increased demand in these services is forecasted. The Company is on Government biding lists in CA and FL, responding to RFPs as notified. The Company has an excellent reputation with national clients.

Due to the nitch nature of the target market, there isn’t a lot of competition from larger food service management companies. This is due to the size of the accounts, their non-profit nature, or the normal bureaucratic requirements of government RFP's. The Company has a great growth opportunity with a major client with 21 locations in US and Canada and with County government entities.

The Company has three part time office staff positions which handle the majority of HR/recruitment, financials, AP/AR and P&L.

The Company is dedicated to serving high quality food service at lower costs to their clients. Their primary goal is to maximize flavor and eye appeal, while providing "healthy dining alternatives" with freshly prepared foods. They are focused on reducing the "obesity" trend through nutritionally balanced and appetizing meals.

The Company is dedicated to nutritional well-being through a partnering relationship with social and business organizations. They are dedicated to improving the overall health and welfare of their clients. The Company specializes in nutritional services, which includes:

• Group purchasing to reduce operational expenses.
• Reduction of benefit costs and staffing patterns to reduce expenses.
• Menu development and customization for each client's needs.
• "From scratch" food production strategy which improves quality, taste, flavor, and at the same time "saves money".
• Recipe standardization and conformance to regulatory standards.
• Dietitian menu oversight and nutritional analysis, offering nutritionally sound menus with healthy dining alternatives.
• Focus groups to improve communication and menu changes.
• Meeting all County, State and Federal standards and National School Lunch Program requirements.

According to D&B First research, Companies in this industry contract to provide food services at commercial, institutional, and governmental locations. Major companies include Aramark and Delaware North (both based in the US), as well as Autogrill (Italy), Compass Group (UK), Elior Group (France), Sodexo (France), and SSP Group (UK).

The global market for on-site food services at businesses, hospitals, schools, and entertainment venues is worth about $270 billion, more than half of which is outsourced to third-party contractors, according to Compass Group. Key growth markets for the industry include China, India, Japan, Spain, Ireland, and Germany. Weak economic conditions have stalled growth in Brazil in recent years, but the industry continues to expand in Latin American markets. Development of luxury hotels and tourist attractions in the United Arab Emirates and Qatar is increasing demand for contract food services in the Middle East.

The US food service contracting industry includes about 26,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $46 billion.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Building SF: 1,100 Square Feet Lease Expiration: 7/31/2021 Rent: $1,749/month

Market Competition and Expansion:

Competition: Company is well positioned Growth & Expansion: Excellent potential

Reason for Selling:

Retirement

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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