Unique opportunity to purchase a business with over 44 years of history in the wholesale food industry. Based in Houston, Texas, this business has been profitable since its inception, with steadily growing revenues and earnings each year. Within the Houston metropolitan area, this business is among the top 5 dry goods suppliers to the local Asian restaurant market. The seller currently operates as semi-absentee owner, with a hired operations manager in charge of the daily operations.
The business focuses on providing dry goods, meats, restaurant supplies, produce, and seafood to local restaurants and supermarkets in the Houston, Texas area. Significant growth opportunities exist with expansion outside of the Asian restaurant market and beyond the current Houston geographic service area. The business peaks during the holidays and is slower during February and March. It has a diverse customer base with over 100 accounts, demonstrating low customer concentration. It also employs experienced, full-time W2 workers.
Revenue for 2023 was $ 6,976,731.80 with an adjusted EBITDA of $ 224,323.21 and Seller’s Discretionary Earnings (SDE) of 309,232.28.
The business also owns the 29,894 SQ FT warehouse property on 144,559 SQ FT (3.319 acres) of land, which includes a main warehouse building of 17,969 SQ FT (including 2-story office space of 5,188 SQ FT inside); 2nd warehouse building of 7,830 SQ FT; a cooler of 2,400 SQ FT and a freezer of 1,695 SQ FT. The current operations only use the main warehouse building, the cooler and the freezer. The 2nd warehouse building is rarely used for temporary storage. The property also has vacant land which can be used for future expansion.
The business can be sold separately or together with the warehouse property at the buyer’s option. However, the seller will not sell the warehouse property without selling the business.
The owner wishes to sell the business to focus on their other businesses. This is an excellent investment for all individuals, firms, or a strategic buyer seeking to acquire a proven business with an impressive history of profitability.
