Under LOI - Leading Disposable Restaurant Supplies Distributor

Business Summary:
This highly profitable Restaurant Supplies Distributor located in the South-Central Texas area has been in business for over 10+ years. It prospered during the COVID pandemic with sales over $5M and adjusted sellers discretionary cash flow over $1M each year and continues to do so post COVID in 2023, a record year. The company provides excellent customer service and has many long-term customers. Top 10 customers were 16% of the revenue in 2022 and the list of top customers varies yearly. The customers purchase over 20 different items purchased in the list of top 10 products sold over the past 3 years. The yearly gross profit margin is very high for the industry at 37-39% (75th percentile) and EBITDA in the 14-15% range the past 3 years.The owner works part time in the business as management is in place to continue operations when absent. There are written business processes and procedures with a CRM to help ensure streamlined business operations. The business is located just off a major thoroughfare making it convenient for deliveries and customer pick-ups. The facility includes both office space and warehouse space with room for some expansion for the new owners. There are several opportunities for growth.The business is being offered for retirement reasons. A meaningful training & transition along with a reasonable non-compete will be provided for new ownership. This is structured as an asset sale and is neither an offer nor a solicitation to sell securities. Email Doug Scheiding at [email protected] for more information.