Food Distribution Food Service Business $699,000 (16724) In Lakes Entrance For Sale

- Categories: Food/Hospitality
SCROLL FOR AGENT VIDEO AND BUSINESS DESCRIPTIONThis opportunity is a well-established business that has been operating since 2002. It is a food service business that provides food and packaging products for takeaway shops as well as pubs, hotels, restaurants, service stations and government schools. The business has an amazing client spread with minor concentrations, while its supply chain is well set up to enable continuous operations with no disruptions.The business's most sellable products include frozen goods, oils, food packaging, a range of condiments. The business has enabled its offering to span to the region spanning Phillip Island, South Gippsland and Lakes Entrance. The business client spread with minor concentrations are producing circa $10,000,000 p.a in revenue. The top three clients contribute only 6% to 7% of overall revenue distribution. Clients continue to support the business due to its specialist nature and ability to satisfy their requirements. Financial Summary * 2022 Revenue = $9,986,784 VS EBITDA = $615,823* 2021 Revenue = $8,829,008 VS EBITDA = $459,592* 2020 Revenue = $7,099,873 VS EBITDA = $159,830Pricing Strategy This business opportunity has been appraised on the data of comparable sales in similar industries and can confirm that the strategy moving forward for this opportunity is as followsThree Year Average EBITDA = $411,748 x (multiplied by) 1.7 times = Price $699,000= 58% Return on investment Based on a 3 year average of earnings (not just the last financial year)Video is available on this listing. Copy and paste the below link into your browser to view.https://youtu.be/azZ-H7SXqrwTo learn more about this exciting opportunity, contact us today! For more information, please contact Steven Mostafa from LINK on the below:Phone: ---- --- ---Email: [email protected]
Ref: ME02190
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