Ready to Scale! Growing Diversified Food Service Business

Business Overview

Business Status: Sold
Excellent opportunity to buy an essential pandemic proof thriving food service business. Serving wholesale and retail customers from a new fully equipped 3,000 sq. ft. commercial kitchen with bright open office space above. Long-term wholesale contracts account for approximately 50% of the revenue and cover all fixed expenses including two full-time managers. The additional revenue streams contribute 15-20% to the net income of the business. Well developed brand allows for expansion in many food service areas. All the heavy lifting has been done and the business is ready to scale significantly. The owner is selling due to a spouse being transferred out of Province.

Business Profile

Industry: Wholesale/Retail Food Service
Location: Hamilton, ON
Sale Type: Share Sale
Entity: Ontario Corporation
Founded: 2016
Number of Employees: 6+ Including Owner

Financial Information

Revenue Summary: 20%+ Growth over the last 3 years

Additional Notes

Key highlights:

  • Excellent reputation & repeat business
  • Positioned for significant growth
  • Management team in place
  • $120k worth of assets included in asking price
  • Some seller financing for the right buyer

Email an Advisor