Looking for a buyer.
ProNova Partners exclusively represents a Company that has grown over three generations from a single delivery vehicle to a HACCP Certified facility containing over $13MM+ in assets doing $47,000,000+ in top line revenue spread across their wholly-owned fleet of vehicles. The CEO is 100% shareholder of all critical assets of the Company, including the real estate, all outstanding shares of the parent entity, and subsidiaries of the Company that generate adjusted EBITDA of ~$4.6MM. Two seasoned executives that have been with the Company for 19 years each are excited to continue as-is to assist an assigned CEO brought in by the Buyers, or they are equally eager to advance to co-CEO roles should the purchaser decide an active member of their investment team is not required on premise. Every single key performance indicator an acquirer would potentially assess has been monitored both on an historical (daily/weekly/monthly/quarterly/yearly) and represents an ongoing daily laser focus of the management team. Gross margin, satellite aided fleet monitoring, inventory turn, waste minimization, 96-camera security with remote access, along with every conceivable critical sales, purchasing and financial reports are forwarded to the CEO's inbox daily. The Company has deployed significant capital reinvestment into best of breed technology tools to assist management in their quest to maintain industry leading operational efficiencies while maximizing customer satisfaction. Management's continual rigorous examination on a holistic operational level makes it near impossible to poach active clients while continually eroding market share from their competitors year after year due to the superior and profitable services provided to their client base. The entire Company and the executive team are excited by the future that lies ahead by teaming up with a well-capitalized partner. Nine figure top line sales should be in play with additional strategic expansion initiatives beyond the immediate target area serviced by the Company and by also capturing additional production and distribution efficiencies by growing into the new facility that is 5 TIMES the size of the current operation, at over 223,000 square feet. Surviving and weathering the C19 pandemic, the time is now to team up with this organization to grow into the new facility and become the dominant force in their market and beyond. NDA is required to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners. Detailed Information Facilities: Awesome facilities, both owned premises, shows PHENOMENALLY! Competition: Wholesale food is generally a relatively competitive space but this Company tends to win more than their fair share of competitive bidding situations for marquis clients. Growth & Expansion: Perfect platform play. CIM covers this extensively. Financing: If the price and deal structure is right. Support & Training: As needed. Remaining co-CEO’s will stay, so flexibility exists on transition dynamics and specifics per Buyer preference and the Buyer’s team & skillsets coming in. Reason for Selling: Liquidity event for Seller, and teaming up with the right supportive capital partner to grow into the exceptional building they have purchased to gobble up market share.
New York, NY, USA
New York, NY, USA
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