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 business experiences continued growth and expected to finish the year with revenues in excess of $1.3M in ‘22 – a 30% increase. The owner anticipates similar performance in 2023 as they signed additional backlog of work for next year. This is an established business with a great reputation. Management in place.
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