Profitable Food Wholesale - Cold Storage Warehouse

Business Overview:

TRANSWORLD BUSINESS ADVISORS OF HOUSTON. LISTING REF #76931-501052

Unique opportunity to purchase a 25-year-old business in the wholesale food industry. Based in Houston, Texas, this business has been profitable since inception, with steadily growing revenues and earnings each year. Within the Houston metropolitan area, this business is among the top 3 wholesale food suppliers to the local Asian restaurant market. The two sellers, who are a couple, currently operate as semi-absentee owners. A hired CEO is in charge of the daily operations of the business.

The business focuses on providing wholesale produce, meats, seafood, frozen food, eggs and dry goods services to local Asian restaurants and supermarkets in the Houston, TX metropolitan area. Significant growth opportunities exist with expansion outside of the Asian restaurant market and beyond the current Houston geographic service area. The business has no seasonal or cyclical factors that impact revenue, boasts a diverse customer base with over 300 accounts, demonstrates low customer concentration, and employs 20 experienced, full-time W2 workers.

The two owners also own the 21,000 SQ FT warehouse property, which includes an office area (2,501SQFT), 4 coolers (6,400 SQFT) for storage, 1 cooler for shipping and receiving (3,820 SQ FT), 1 freezer (3,650SQFT), a dry goods area (3,701 SQ FT), and 6 loading docks. The warehouse, located on 70,541 SQ FT (1.6194 acres) of land, will be sold with the business.

Revenue for 2022 was $ 18,049,959 with an adjusted EBITDA of $1,479,063.

Owners wish to sell the business and retire. This is an excellent investment for all individuals, firms, or a strategic buyer seeking to acquire a proven business with an impressive history of profitability. The business has been pre-qualified for an SBA loan by a bank.

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Property Features and Assets:

Monthly Rent: $25,000.00 Square Units (Foot, Meter): 21,000 Facilities:Customized Cold Storage Warehouse

Market Competition and Expansion:

• Established company with over 25 years of experience and relationships. • A hired CEO oversees the daily operations while the owners are semi-absentee. • Diverse customer base, with extremely low customer concentration. • Over 300 active and stable customer accounts, generating 80 - 110 orders daily. • Reputation for excellent customer service & responsiveness. • History of steady growth, with increased earnings and revenue year after year. • Potential to further expand into the non-Asian restaurant and grocery store markets. • Business relies on 100% referral and recurring clientele base. Get supplies directly from farms to maintain the quality of products and reduce the cost of goods. Further expand the current product line to include high margin frozen items to increase profitability. Expand clientele market to the non-restaurant segment, including supermarkets and grocery stores. Market to nearby metropolitan areas outside of Houston, TX, such as San Antonio and Dallas-Ft. Worth. Adopt marketing initiatives to attract new business via printed ads, telemarketing, drop-by visits, email campaigns, a company website, social media, and more. Enable online ordering to improve efficiency and record keeping.

Reason for Selling:

Owner's retiring

Additional Details:

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