Restaurant Equipment and Supplies #64368

The Company sells restaurant equipment and supplies, including baking, food storage, refrigeration, barware, concession, catering, food preparation, flatware, plateware, tabletop, janitorial, and other specialized cooking supplies as well as commercial-scale equipment. The Company targets both commercial and retail market segments. To support successful operations, the Company has over 6,000 SKUs and also provides regional delivery services. The Company targets single-location restaurants (71% of 2020 revenue), schools and institutions (14%), chain restaurants (10%), and retail consumers (5%). Location: Texas Year Established: 2006 Number of Employees: 10 Real Estate: Leased Building Sq. Ft.: 5,900 Rent: $2,166.67 Per Month Facilities: The total facility comprises 5,900 square feet and is utilized for retail operations. The facility is leased from an independent third party and can accommodate higher revenues without major facility improvements or capital equipment expenditures; significant leasehold improvements and interior upgrades were performed in 2018. Market Outlook/ Competition: INVESTMENT APPEAL • Strong Customer Relationships - The Company has strong ties to clients due to its industry expertise, immediate product availability, vendor relationships, and excellent customer service. Specifically, the Company’s base includes approximately 4,200 customers; no single customer accounted for more than 8% of revenue during the historical period. Due to the Company’s reputation, long-term presence in the industry, and high-quality of customer service, the Company’s recurring customer rate exceeds 70% • Proprietary Expertise - In addition to the principal's extensive industry experience, many of the Company’s key employees also have significant industry and service knowledge. This wealth of experience and expertise provides BPRS with a significant intangible asset and advantage over many regional and national competitors. • Superior Name and Reputation - The Company is well known in the restaurant and kitchen product supply market, and has an excellent reputation for customer service as well as high quality products. Growth & Expansion: GROWTH OPPORTUNITY *Hire Additional Employees *Develop Sales/Marketing *Geographic Expansion