UNDER CONTRACT – LEADING HOSPITALITY SUPPLIES DISTRIBUTOR in South-Central Texas

THIS IS UNDER LOI – This highly profitable Hospitality Supplies Distributor located in the South-Central Texas area has been in business for over 10 years. It has prospered during the COVID pandemic with sales over $5M and adjusted EBITDA over $1M each year and continues to do so post COVID in 2023. The company provides excellent customer service and has many long-term customers. They purchase a variety of items with over 20 different items purchased in the list of top 10 products sold over the past 3 years. The average yearly gross profit margin is fairly high at 36-40%. The primary owner does work full time in the business although middle 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 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. Call Doug Scheiding at 210-348-8989 or email at info@bbofsa.com for more information.