Listing Number: 12451-181796
Description
Key Investment Considerations:
• Revenues: $1,360,213 in 2022 & $1,281,386 in 2021
• Seller Discretionary Earnings: $330,965 in 2022 & $320,923 in 2021
• Supplier of high-quality ingredients and supplies to Asian restaurants in Virginia.
• The noodle factory is famous for its unique noodle product since 1930’s.
• Supplies noodles & wrappers to Asian restaurants, supermarkets, grocery stores and distributors.
• Very scalable business with room for growth without additional machinery.
• $600,000 FF&E including custom made industrial noodle machine.
• $200,000 Inventory NOT included in the sale.
• Business was established in 1930’s with current owner as the 4th owner.
• Distribution business can also be increased by adding additional vehicles and drivers or by working with national distributors.
• Recently established accounts with Walmart and Kroger.
• Great brand recognition.
• Owner/operator business model.
• Noodle manufacturing profit margin is high and considered 35% of total revenue, very scalable.
• Conveniently located noodle factory, storage and distribution facilities in Virginia.
• Trained staff in place
• 2 weeks of transitional training included with optional extended seller training period after transition.
• Great opportunity for further development in noodle manufacturing portion of the business for distribution.
Established in the 1930s, this company has become well known for its unique noodles. This popular product is famous up and down the East Coast, and homeward-bound Atlantic Fleet sailors have spread it across the nation. This company remains rooted in Virginia, and continues to turn out the same fine product for your enjoyment. The main difference is streamlined production techniques.
Orders now reach us from around the U.S. and abroad. Fond memories of have the noodle products created customer loyalty that defies time and distance. The lingering memory of its unique taste keeps people reaching out to us again and again. This company kept the traditional ingredients and methods of fabricating and drying the noodles. All this to remind customers of the noodles they enjoyed 90 years ago.
This company is also a supplier of high-quality ingredients and supplies to Asian restaurants in Virginia, is dedicated to serving the vibrant culinary landscape of the region since 1930’s. This business specializes in sourcing and delivering premium goods essential for Asian cuisine, ensuring that restaurants have access to the finest ingredients to delight their customers.
Current owner is the 4th owner of this fine business and he is ready to retire and pass the torch to the next successful owner. This business still has awesome growth opportunities by further developing its income streams.
Listing Details
- Price: $ 900,000
- Down Payment: $600,000
- Sellers Discretionary Earnings: $ 330,965
- Total Sales: $ 1,360,213
- Location: Norfolk City, Virginia
- Inventory: $ 200,000
- FF&E: $ 600,000
- Employees: 3
- Year Established: 1930
- Reason for Selling: Retirement
- Category: Distribution
