National Branded Fruit and Vegetable Packing Co for Sale in Central FL

Price: $4,000,000

Location: Central FL

Industry: Food Manufacturing

Listing ID: 42360150

Listing Status: New

Description

Fruit and Vegetable Packing company located in Florida that has a 100-year old brand and great distribution with top grocers and food service distributors in the US. Company has the size and assets to scale to the next level but needs the right team to carry it forward. Expansion of brand to other lines utilizing same distribution is logical next step. Opportunities to pack other fruit/vegetable types for other labels.

43,000 SF of facility sits on 31 acres, appraised over $2m. Machinery appraisal was $1.3m. Other assets are estimates based on older balance sheet.

Facility is operating at sub-30% capacity and has been unable to fill many orders due to inability purchase raw materials in a timely manner due to cash flow issues. Overhead is grossly underapplied, as facility needs more throughput. Currently distressed, but has great potential in the right hands.

Interested buyers must show industry experience, turn around experience, and very strong financials prior to receiving detailed information.

LISTING DETAILS

Down Payment: $4,000,000

Total Sales: $6,665,076

Cash Flow: $-440,750

EBIT: N/A

EBITDA: N/A

Accounts Receivable: $867,000

Accounts Receivable Included: Yes

FFE: $1,300,000

FFE Included: Yes

Inventory: $1,100,000

Inventory Included: Yes

Operation

Year Established: 1922

Owner Hours Per Week: Mon-Fri 8-4

Lender Pre-Qualified: No

Non-Owner Payroll: N/A

Employees: 60

Managers: 4

Absentee Owner: No

Location

Real Estate: $2,100,000

Real Estate Included: Yes

Monthly Rent: N/A

Type of Location: Warehouse and office

Square Footage: 43000

Franchise: No

Summary

Reason For Sale:

Distressed Company with potential

Training & Support:

Two weeks at no cast

For more information on this listing, please complete our Non-Disclosure Agreement
LISTING OWNER