Businesses for Sale:

Categories: Retail - Eating and Drinking Places
Location: Maryland

Asking: $1,505,000.00
Revenue: $3,673,000.00
Cash Flow: $404,000.00
Down Payment: $375,000.00
Furniture, Fixtures & Equipment: $530000.00
Inventory: $130,000.00
Financing:

Summary Description: The Company provides production food service. The business is strategically located and well known in the region in which it provides services. The primary focus of the company is to provide production food services for congregate food programs. The secondary focus of the company is to provide concession services on a temporary and permanent basis. The company delivers meals to government agencies, senior programs, adult day care centers, child day care centers, drug testing labs, and private schools. The typical contract is for a one-year period that can be extended four more years. Public clients account for 62% of the revenue and private clients account for 38% of the revenue.

General Information
Year Eestablished: 1958
Employees: 120
Facilities: The business operates from a 9,286 square foot leased space. The current lease expires in April 2003.

Market Outlook
Competition: The business has an excellent reputation. Long term renewable contracts help assure a steady cash flow.
Growth and Expansion: The business could grow its revenue by pursuing more long term contracts with the government as well as private clients. Growth targets are Adult Day Care, Child Day Care, Government Agencies, and Private Schools.

About the Sale
Support/Training: The seller is willing to train for one month at no charge.
Reason Selling: Seller wants to pursue other interests.

Contact Information
Contact: Michael Mathews
Phone: (443) 512-8991
E-mail: sales@successbusinessservices.com