The company was established in 1990 and has 2 full time employees. They are open 5 days a week, Monday through Friday, 9:30 am to 4:30 pm.
The building is leased with a monthly rent of $1803.04 on a lease that expires in April, 2018. Founders still operate the 26-year-old business with the husband focused mostly on operations, i.e., the actual outside sales and distribution, and wife focused mostly on the business/office end of things—accounting, paying bills, etc. , including taking incoming sales calls.
This opportunity provides consistent, sustainable revenue with no changes necessary but the surface has not been scratched for an owner/operator who would like to expand to an online presence—they do not currently have a website. An internet /web-marketing system could be developed to establish a connection and ordering mechanism with existing customers as well as to bring in new ones.The new owner could serve and market to a wider geographic area. The vast majority of the loyal customer base is school systems throughout the state of Kansas. School systems in Missouri are an untapped market, as well as restaurants and other food service providers such as nursing homes. Growth potential is limited only to the time, energy and ambition of the new owner.
Asking Price: $500,000
Gross Income: $396,600
Cash Flow: $179,200
Furniture, Fixtures, and Equipment ( FF&E): $25,000 Included in asking price
Facilities: This business currently operates from an industrial space in Overland Park, Kansas. It can be relocated anywhere in the country if the new buyer chooses. The warehouse needs only two offices and a sizable warehouse to operate. Food service equipment and supplies including (but not limited to) the following categories: Kitchen: small ware and utensils, pots, pans and prep supplies. Tabletop: flatware, china, glassware, compartment trays, dispensers and serving equipment. Storage, shelving, racks and bins. Janitorial: cleaners, sanitizers, buckets, brooms, carts, insecticides. Safety equipment, thermometers, floor mats, signage Furniture and fixtures: stainless work tables, work stations, sinks Refrigeration: walk-in coolers, freezers, containers, prep tools Disposables: pan savers, can liners, vinyl gloves, food bags and boxes Buffet and cafeteria supplies, lines, scatter systems, crowd control.
Competition: This is an established, turn-key, profitable company that supplies and distributes food service equipment and supplies to a consistent loyal base of (mostly school) Food Service customers. They are linked directly with more than 200 vendors, distributors and manufacturers and collaborate with 142 dealer/members of a marketing/buying group. Competition isn't a factor.
Growth & Expenses: The company provides consistent, sustainable revenue with no changes necessary, but the surface has not been scratched for an owner/operator who would like to expand to an online presence. There is currently no website. An internet/web-marketing system could be developed to establish a connection and ordering mechanism with existing customers, as well as to bring in new ones with the opportunity to serve and market to a wider geographic area. The majority of the loyal customer base consists of school systems throughout the state of Kansas. School systems in Missouri are an untapped market, as well as restaurants and other food service providers, such as nursing homes. Growth potential is limited only to the time, energy and ambition of the new owner.
Financing: 10% seller carry at 6% APR for 36 months
Support and Training: The owners are willing to stick around for up to a year for transition, though a 3 month time period is plenty of time to transition for the new owner.
Reason for Selling: Divorce plus retiring and moving
Inventory: $35,000 Included in asking price