Wholesale Meat Processing and Distribution Company
BUSINESS ACTIVITY: The Company purchases large quantities of meat from slaughterhouses and meat processors, stores, packages, and distributes fresh, frozen, and processed meats such as beef, chicken, lamb, fish, venison, elk, rabbit, alligator, wild boar, frog legs and some seasonal products to their customers.
HISTORY: March of 2000, the company was started by a father-daughter team by leasing a small space with a freezer and cooler and operating the administrative side of the business out of the Owners house.
By 2004 the business had grown substantially. The Owners decided to lease more space and spend the money to build a USDA certified processing room. It was time for dad to quit delivering and spend more time at the facility. This would also reduce costs by not outsourcing the cutting of the meat.
The first time the Company lost customers was to COVID. COVID was having a difficult time with the main customer base, restaurants, closing. She started to market high end organic grocery stores to sustain the downturn of the economy. This insight to expand the customer base was instrumental in sustaining sales that have grown over the last 4 years. She estimates that the Portland metropolitan area’s restaurant trade is 60 percent of what the volume was in 1999 and may never come back.
Today the Company is busier than ever and needs to hire a sales individual and another driver just to keep up with the organic growth. She is proud of what he has built. The foundation has been laid for a new owner to build upon. With a strong industry outlook, the Company is poised for strong growth.
FYE 2020 FYE 2021 FYE 2022 FYE 2023
REVENUES $2,463,251 $4,062,664 $5,208,774 $5,527,153
MARGIN 16.28% 14.99% 11.06% 10.89%
CASH FLOW $139,319 $285,637 $152,930 $367,328
MARKETING STRATEGY: The Company does not have a marketing program in place. The Company has relied on their reputation, repeat business, word of mouth, and website to grow the sales. The outlook in the industry is strong. A new Owner could hire salespeople to cold call potential customers to grow the business substantially.
FURNITURE, FIXTURES, VEHICLES & EQUIPMENT: Included in the purchase price are Vehicles, $150,000.00, Office FFE, $9,000 and Warehouse FFE of $100,000. The FF&E has been re-casted to reflect an estimate to replace the assets with the same or similar assets in the used marketplace.
DAYS AND HOURS: Monday through Friday the hours are 7:00 am to 4:30 pm.
EMPLOYEES: The Company employees 5 individuals which includes a full-time driver, journeyman meat cutter, and supporting staff which are all crossed trained.
FACILITIES: The business is in a multi-tenant business park with leased space totaling approximately 3,558 square feet. The current lease payment is $4,589 per month with the lease expiring on June 30, 2028. The lease has escalating 3% increases per year.
REASON FOR SALE: The Owner is close to retirement age. She would like to work for one to three years after the completion of the transaction to create a smooth transition.