Price
$2,200,000
Profit *
Refer to Broker
Sales Revenue
Refer to Broker
Location
Melbourne Region, Melbourne
Category
Food/Hospitality, Retailer
Listing #
ME02190
SCROLL FOR AGENT VIDEO AND BUSINESS DESCRIPTION
This opportunity is a well-established business that has been operating since 2002.
It is a food service business that provides food and packaging products for takeaway shops as well as pubs, hotels, restaurants, service stations and government schools. The business has an amazing client spread with minor concentrations, while its supply chain is well set up to enable continuous operations with no disruptions.
The business's most sellable products include frozen goods, oils, food packaging, a range of condiments. The business has enabled its offering to span to the region spanning Phillip Island, South Gippsland and Lakes Entrance.
The business client spread with minor concentrations are producing circa $10,000,000 p.a in revenue. The top three clients contribute only 6% to 7% of overall revenue distribution.
Clients continue to support the business due to its specialist nature and ability to satisfy their requirements.
Financial Summary
* 2022 Revenue = $9,986,784 VS EBITDA = $615,823
* 2021 Revenue = $8,829,008 VS EBITDA = $459,592
* 2020 Revenue = $7,099,873 VS EBITDA = $159,830
Pricing Strategy
This business opportunity has been appraised on the data of comparable sales in similar industries and can confirm that the strategy moving forward for this opportunity is as follows
Three Year Average EBITDA = $411,748 x (multiplied by) 1.7 times = Price $699,000= 58% Return on investment Based on a 3 year average of earnings (not just the last financial year)
To learn more about this exciting opportunity, contact us today!
Note that details of the business for sale may be confidential and disclosure is subject to completing a Confidentiality Agreement and is at the discretion of the Broker.
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*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.
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