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Ice Production & Distribution Company For Sale
Location Utah,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $400000
Net Profit / Cash Flow $145000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1997
Number of Employees 6 - 9
Inventory 455000
Relocatable No
Number of Employees 6 - 9
Real Estate Owned
Training Negotiable as needed
Reason for Sale Pursue other interests
Description For 15 years, this ice distributor has focused on quality production and the highest quality customer service, making them the market leader with a very loyal customer base. Customers range from retail to restaurants to international energy exploration and production companies. While they currently have over 85 different customers, no one makes up more than four percent of the Company's annual sales.
Headquartered in a fast-growing area of Eastern Utah, the company distributes to surrounding communities as well as neighboring states.
The Company does not and has never made any real sales marketing efforts, with customers coming from word of mouth or from the phone directory only. Ample opportunity to grow the current customer base exists for an owner who will make sales and marketing a priority and the Company has excess production capacity to handle growth. Customers have also asked the Company to provide them with bottled water, but the seller is too focused on other business interests to develop that capacity. He believes it would be synergistic and lucrative product to add to its ice products, with an expected relatively inexpensive capital investment of around $125,000.
The Company's facility is also available and has been designed specifically for ice production. The seller has a strong preference to sell the facility along with the operating business. It is approximately 6,300 square feet and sits on about an acre, providing room for expansion. Seller financing is negotiable for the business portion of the sale. Asking price of $1,075,000 includes real estate valued at $600,000.
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