Founded almost 60 years ago, the Company is a multi-location food service products and equipment distributor headquartered in the Midwest. The Company sells durable equipment and disposable supplies to commercial customers both within and outside of the restaurant industry. During the Company’s long history, it has curated a product catalog that allows it to act as a one-stop shop for its customers.
One of the biggest strengths of the Company is its geographic footprint. The Company has multiple locations and serves businesses across a large geographic region. The Company’s experience opening new locations creates a proven business model for an owner to come in and replicate growth through new locations. Another strength of the Company is its membership in a nationally recognized purchasing group. The Company leverages this group to streamline procurement, educate personnel, and network with vendors and other distributors.
Ownership has not been actively involved in the Company in recent years. The Company is currently operated by its management team, which has materially run day-to-day operations for multiple years. Management is aware of the transaction and is willing to remain in their current roles for 2-3 years post-transaction. Ownership seeks to divest the Business to alleviate all responsibilities and allow for a complete retirement.
The Company’s multiple facilities are owned by a related entity; the real estate is also available for sale or lease and holds a total value of $4,941,500. The facilities each have a retail showroom, office space, and an inventory warehouse.
