Re-Distribution Company - Prime Vendor for Casinos
Shreveport, Louisiana
| Asking Price: |
Gross: |
Cash Flow: |
| $350,000 |
$3,742,802 |
$155,000 |
Furniture and Fixtures Value:
$29,000 (included in the asking price)
Inventory Value:
$55,000 (included in the asking price)
Business Summary:
This company re-distributes food, beverages, janitorial supplies and packaging material. The company has been in business for more than 18 years and is a certified minority and female owned business. The company enjoys participating under the Fair Share laws of Louisiana. Their primary customers are the Casinos and government agencies. Although based in Shreveport, Louisiana the company may distribute throughout the State and regionally.The company has reported income of more than $3.3 mm for the past several years. After 18 years the owners are selling in order to retire.We seek a buyer who will fit the certifications required by the State of Louisiana to be able to sell to companies and organizations under these laws; female and minority to hold at least 51% of the interest. The current majority owner is female and from outside the United States. She owns 51% of the business and fits the government's criteria for minority and female. The remaining 49% interest may be held by any person, partnership or corporation.Bottom line, the casinos and many other organizations are required by law in the State of Louisiana to purchase a certain volume of goods and services from companies such as this one. It’s a niche business with few competitors and motivated customers.Company revenue in 2015 grew more than 14% with net income of more than $100,000!
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| Year
Business was Established: 1998 |
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| Number of Employees:
3FT / 2 PT |
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| Facilities / Terms of Lease:
Company leases approximately 3,000 square feet which includes office space, receiving dock, walk-in cooler, freezer and small warehouse space. Company owns two trucks and one refrigerated truck. |
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| Potential
Growth/Expansion:
The company does not have active sales people working the streets. It simply handles the current customers that call in and place orders. With at least one professional sales person working the streets, revenue could grow substantially. The company has never pursued casino business in other markets outside of North Louisiana and has the capability to sell/deliver to casinos in Central LA, Lafayette/Lake Charles area, Baton Rouge and New Orleans. Because the company "re-distributes" mainly food, beverage and janitorial items profitability (%) could increase by offering different products with higher margins. The company also holds a General Contracting License. Expansion possibilities are endless! |
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| Competition:
This business was started (as were others) in the 1990s when gambling was legalized in the state of Louisiana. Under the law, Casinos are required to purchase a portion of their goods and services from minority-owned companies. Certain governmental agencies and publicly held corporations also receive valuable incentives by using minority and/or female owned businesses such as this one. Over the years only a few of these companies have survived due to inferior management or other business inexperience, issues or conditions. The company promoted here may be the strongest company in this segment left in North Louisiana and possibly the entire state. The company has no debt, pays its bills before they are due, and has created a highly reputable business with long-term customers. |
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| Owner
willing to finance:
No |
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| Owner
willing to train:
Yes up to 60 Days |
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| Reason for selling:
owners are retiring |
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| REQUEST MORE INFO |
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