Location: Central FL
Listing ID: 42360150
Listing Status: Under Contract
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.
Down Payment: $4,000,000
Total Sales: $6,665,076
Cash Flow: $-440,750
Accounts Receivable: $867,000
Accounts Receivable Included: Yes
FFE Included: Yes
Inventory Included: Yes
Year Established: 1922
Owner Hours Per Week: Mon-Fri 8-4
Lender Pre-Qualified: No
Non-Owner Payroll: N/A
Absentee Owner: No
Real Estate: $2,100,000
Real Estate Included: Yes
Monthly Rent: N/A
Type of Location: Warehouse and office
Square Footage: 43000
Reason For Sale: Distressed Company with potential
Distressed Company with potential
Training & Support: Two weeks at no cast
Two weeks at no cast