Cash Flowing Dealer Of Professional Food Service Equipment Michigan Center, MI 49254

Property Details for 0 Cash Flowing Dealer Of Professional Food Service Equipment

Property size

7,000 SF

Property type

Commercial real estate

Description

This exceptional opportunity presents a well-established food service equipment dealership in Michigan Center, MI. Boasting over 30 years of experience, this business has cultivated a strong reputation for providing high-quality commercial kitchen equipment, beverage and bar supplies, and smallwares to food service professionals throughout Mid-Michigan. The business includes a 7,000 square foot building encompassing showroom, retail, warehouse, and office space, conveniently located off a major interstate. The property is currently available for lease. The sale includes all furniture, fixtures, fixed assets, and a substantial inventory valued at approximately $350,000. Four full-time employees with extensive experience are in place, and the current owners will provide comprehensive transition training. Averaging over $4,000,000 in annual sales over the past three years, the business demonstrates consistent profitability, with a normalized annual Seller Discretionary Earnings (SDE) of $542,407. The asking price of $2,000,000 reflects a 3.0x multiple of the annual SDE, plus the inventory value and the significant goodwill associated with the established business, experienced staff, and valuable assets. The sale structure anticipates an asset sale, with the sellers retaining cash and minimal accounts receivable while retiring all liabilities. A substantial seller note may be available for a qualified buyer. This turnkey operation offers a rare opportunity to acquire a profitable, established business with significant growth potential.

Location Insight

City

Michigan Center

County

Jackson

State

Michigan

Longitude

-84.3279

Latitude

42.2293