Issue link: http://deals.uberflip.com/i/1433150
The Company is a family owned retail meat market serving residents of Illinois since 2000. Its mission is to provide USDA PRIME meats at competitive prices. The Company operates from two retail stores that are located four miles apart. The retail meat markets serve exclusively USDA PRIME Beef cuts, antibiotic and hormone free pork and poultry products. It brings back the tradition of personal service and hand- crafted meat products with a distinctly modern touch. The Company is an Illinois S- Corporation. Ownership is supported by 5 full-time employees and other contract staff and helpers based on need. Company Strengths • Superior Name and Reputation: Since its inception, the Company has built a long-standing reputation with its clients. • Having a Loyal Customer Base: The Company has developed a loyal customer base over the years. • Owner Willing to Stay: The current owner is willing to stay in the business. He has a Culinary degree, and has a good knowledge of the product and how to buy it at cheaper prices. This can be of huge value add. • Illinois Licensed Meat Processing Plant: The Company owns the State license for meat processing, which can be of a great value. • Strong Financials: The Company has good pretax profit margins of around 25%. It also has strong balance sheet. Business Expansion Opportunities • Underlying Industry Strengths: This industry is relatively recession-resistant and forecast to grow. Its revenues have actually increased during the COVID-19 situation. • Expansion: The Company's business model is well- suited for national expansion with a larger marketing and sales budget. • Additional Products: Current company strengths and assets can be easily leveraged to start Ready-to- eat concepts like HelloFresh or other Branded and Private Label products. • Additional Markets: Current company strengths and access can be leveraged to serve additional markets such as wholesale, restaurants, caterers, etc. Prasad 'Pat' Karcherla, Senior M&A Advisor Client # 63671 Tel: (630) 708-2408 Fax: (214) 764-1362 Email: pkarcherla@generational.com | www.Generational.com I www.DealForce.com For more information, please sign the Confidentiality Agreement DISCLAIMER: All information contained in this document has been provided by the subject company to Generational Equity and while believed to be correct has not been verified. Accordingly, Generational Equity makes no representations or warranties as to accuracy and truthfulness of such information. The recipient hereof acknowledges that Generational Equity shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by Generational Equity of this document. At all times Generational Equity and its affiliate network members is an agent for the seller and not for the buyer. Generational Equity's fees are paid by the seller. High-End Meat Market and Catering Company for Sale Two Locations in Illinois 2021 Est. Revenue $ 1.7 Million | 2021 Est. EBITDA $ 420K+ Highlighted Investment Considerations The revenue breakdown for 2020 was Retail Meat Market Sales (50% of sales), Catering Services (45%), and Wholesale (5%). The catering division specializes in private and corporate events ranging in size from 15 to 350 guests. Also, one of the locations is an Illinois State Inspected processing plant, so it is permitted to "Private Label" for outside meat markets, restaurants, and grocery stores, and operates under a strict HACCP program designed and enforced under the Illinois Department of Agriculture. This license holds immense value, which is currently not used to its fullest potential. Management states the facility operates 5 independent HACCP plans, more than any other processing plant in Illinois.