Business Description
First established in December of 1992, with the current owner operating since the beginning of 2019. This business specializes in the wholesale of vegetables, fruits, and dry goods services primarily for the local Houston Metro Asian restaurant, but also other Texas regions including McAllen, Shreveport, Victoria, Beaumont, Tylor, Corpus Christi, etc. Business has no obvious seasonal or cyclical factors that impact revenue, with minor slowdowns in April and uptick in December. Currently, there are over 350 active clients with a low customer concentration.
The top 5 clients only take approximately 10% of the revenue. About 20 employees are in place. Revenue for 2021 was $11,535,899 with Seller Discretionary Earnings (SDE) of $215,830. Revenue for 2022 is projected to hit $12,500,000 with an expected $350,000 in SDE. Significant growth opportunities exist in improving management, reducing expenses, and expanding services both outside of the Asian restaurant market and beyond the current geographic service area.
The business has significant brand recognition in the restaurant community, driving a complete referral-based business. Significant upside exists in attracting new clients by participating in active marketing initiatives, such as website development, digital marketing, email campaigns, advertisement, sales promotion, and sales teams.
The owner is currently facing health issues that are forcing business sale. In addition, the owner feels limited in their ability to manage and grow the business. Rare opportunity for both strategic and/or financial buyer(s) to acquire a stable business with great scale potential at a competitive price.
Special Notes:
Seeking CASH Buyer.
Seller is prepared to offer up to 20% Seller Financing to a qualified buyer.
The business was established in 1992. the current owner took over the business in 2019.
STRENGTHS / UNIQUENESS:
>>30 years of brand name and reputation for overall customer satisfaction.
>>Over 350 clients.
>>Experienced Employees of 20+.
>>More geographic service areas than other local competitors.
>>A network of quality vendors, providing fresh and high-quality products.
>>Reliable fleet of delivery vehicle
There are many ways to proactively grow this business, such as Improving management, increasing the revenue by more marketing efforts, reducing cost of the goods and operating expenses, etc.
