“Very skillful in overcoming unexpected challenges.”

Zuhair Qazi
President, Sober Clarity


“Vasilis worked tirelessly to maximize the price of my business and helped protect my interest. ”

Robert Gutierrez
CEO, Brightstar Care Thousand Oaks


“CrossRoads accomplished what two other Brokers before couldn’t. Very professional and skilled in negotiations.”

Jeffrey B. Meltzer
President, Universal Hardwood


“Confidence without ego. impressive knowledge and diverse experience. Solid results quickly.”

Steve Traino
President, Candy Direct, Inc.


“Professional and efficient services with timely information flow.”

George Koutures
President, AMBCO Electronics, Inc.


“An unmatched ability to forge a solid alliance between the parties in a win-win approach.”

Dov Lazarus
President, One Stop Undercar


“Highest professional standards in positioning and promoting the sale of my business.”

Jason Moore
President, Alexis Services, Inc.


“In my 30 years in Commercial Banking, CrossRoads ranks among the best.”

Barry Katz
Vice President, SBA Lending Community Bank


“Finding a Buyer for my size business was like finding a needle in a haystack. CrossRoads did it!”

Tafa Jefferson
CEO Amada Senior Care


“Solid selling process that produced results in a tough market. Highly recommended.”

Kitty Meyers
Owner, Synergy HomeCare Inland Empire


“If there are Buyers out there, the CrossRoads process will find them. They did for my business.”

Dan Goodman
CEO, Eilatan, Inc.


“CrossRoads did an impressive job representing my business. They actually do what they say they will!”

Jack Winn
Owner, Jack Winn Salon


“If you are looking to sell your business, Vasilis Georgiou is the choice: The right knowledge and temperament that get results”

Nayda Poblete
President, Home Instead Costa Mesa


“Very efficient and detail oriented approach. CrossRoads made the transaction smooth and handled every step.”

Lolita L. Cruz
Owner, Comfort Keepers Laguna Niguel


“The service went above and beyond. Made the process stress free”

Kelleen Corfield
Buyer, Comfort Keepers Laguna Niguel


“Smooth sales process and transition. CrossRoads’ extensive knowledge and experience was a great help!”

Jim and Yuko Fletcher
Owners, Home Helpers Senior Care, Laguna Hills, CA


“Mr. Georgiou’s professionalism and calm encouragement made all the difference in the world!”

Kelly Dunn & Nancy Bever
Owners, Caring Matters Home Care


“Thank you for all your diligence and hard work! It would not have happened without you!”

Denis Royer
President, Carpet Club


“Informative, honest, steady, professional, and always supportive. Great Guide.”

Mary and Larry Farmer
Owners, Right at Home of Albuquerque


“Diligent, obviously very experienced. Results-oriented.”

Bruce Sobol
CEO, Brentwood Electrical Contractors


“Vasilis and CrossRoads earned my respect and appreciation and I would recommend him to anyone looking for a Business Broker.”

Dane Gibson
Owner, Amada Senior Care of Roseville


“I'm grateful to have found CrossRoads, and I recommend them wholeheartedly.”

Remy C. Rippens
Owner, Clavel Home Care


“Vasilis Georgiou was the ultimate professional throughout the sale of my business. A+ rating for CrossRoads. And I mean it. :)”

Carol Boettcher
Co-Owner, SpeakerPower, Inc


“Vasilis is a Master of the business sale process. He earned his fee many times over. Best move I could have made.”

Brian Oppegaard
Co-Owner, SpeakerPower, Inc.


“Vasilis “talked me off the ledge” several times along the way with his graceful support. I happily recommend him to anyone who wants to sell their business."

Doug Garrett
President and CEO of Garrett Engineers, Inc.


“We highly recommend CrossRoads and Vasilis. You need an experienced and knowledgeable person to guide you and Vasilis Georgiou is that person!"

Bill and Donna Hoover
Owners, Care4You In Home Care


“CrossRoads made the process very comfortable for us despite making a decision of enormous importance."

Jeff and Reem Hufnagel
HWC Yorba Linda


“CrossRoads worked with efficiency and professionalism and I would highly recommend their service."

Scott Kaeser
EVP, UAS, Buyer of CitiGlobal

Turnkey Food Service Management Company

Orange County, CA

Price: $1,595,000

Cash Flow: $460,000

Total Sales: $2,957,000

EBITDA: N/A

FFE: $10,000

Inventory: N/A

Monthly Rent: $1,749/month

Year Established: 2001

*not included in asking price.

DESCRIPTION:

Multiple Multi-Year Contracts with State Government Entities

Founded in 2001, this Company is a food service management company that operates their clients’ food service operations, turn-key, with their staff and their menus, while taking responsibility for all regulatory agencies that inspect their clients such as hospitals and residential facilities. This includes federal-CMS, JCAHO for hospitals, and the State Department of Education for some of their clients under the National School Lunch program. County inspections include the local "'Health Departments" for food safety.

The Company has great experience in meeting regulatory requirements in Healthcare, National School Lunch Program compliance, as well as problem resolution for clients in areas of food quality, service issues, cost reduction and regulatory compliance.

The company can compete with larger Food Service management companies through an alliance with one the largest GPO in Food purchasing. Its customer base consists of non-profit 501(3)(c), residential rehabilitation (homeless youth and adults), Government hospitals and retirement communities. The Company focuses its marketing efforts on NON-PROFIT organizations dedicated to youth rehabilitation and Government (County) facilities which delivery services to the mentally ill and Children at risk. An increased demand in these services is forecasted. The Company is on Government biding lists in CA and FL, responding to RFPs as notified. The Company has an excellent reputation with national clients.

Due to the nitch nature of the target market, there isn’t a lot of competition from larger food service management companies. This is due to the size of the accounts, their non-profit nature, or the normal bureaucratic requirements of government RFP's. The Company has a great growth opportunity with a major client with 21 locations in US and Canada and with County government entities.

The Company has three part time office staff positions which handle the majority of HR/recruitment, financials, AP/AR and P&L.

The Company is dedicated to serving high quality food service at lower costs to their clients. Their primary goal is to maximize flavor and eye appeal, while providing "healthy dining alternatives" with freshly prepared foods. They are focused on reducing the "obesity" trend through nutritionally balanced and appetizing meals.

The Company is dedicated to nutritional well-being through a partnering relationship with social and business organizations. They are dedicated to improving the overall health and welfare of their clients. The Company specializes in nutritional services, which includes:

• Group purchasing to reduce operational expenses.
• Reduction of benefit costs and staffing patterns to reduce expenses.
• Menu development and customization for each client's needs.
• "From scratch" food production strategy which improves quality, taste, flavor, and at the same time "saves money".
• Recipe standardization and conformance to regulatory standards.
• Dietitian menu oversight and nutritional analysis, offering nutritionally sound menus with healthy dining alternatives.
• Focus groups to improve communication and menu changes.
• Meeting all County, State and Federal standards and National School Lunch Program requirements.

According to D&B First research, Companies in this industry contract to provide food services at commercial, institutional, and governmental locations. Major companies include Aramark and Delaware North (both based in the US), as well as Autogrill (Italy), Compass Group (UK), Elior Group (France), Sodexo (France), and SSP Group (UK).

The global market for on-site food services at businesses, hospitals, schools, and entertainment venues is worth about $270 billion, more than half of which is outsourced to third-party contractors, according to Compass Group. Key growth markets for the industry include China, India, Japan, Spain, Ireland, and Germany. Weak economic conditions have stalled growth in Brazil in recent years, but the industry continues to expand in Latin American markets. Development of luxury hotels and tourist attractions in the United Arab Emirates and Qatar is increasing demand for contract food services in the Middle East.

The US food service contracting industry includes about 26,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $46 billion.

LISTING DETAILS:
Total Sales: $2,957,000
Cash Flow: $460,000
FFE Included: Yes
FFE: $10,000
Reason For Sale:

Retirement

Training & Support:

Owners will assist in the transition

OPERATION:
Year Established: 2001
Employees: 3 part time office staff and various field staff
LOCATION:
Monthly Rent: $1,749/month
Square Footage: 1,100 SF
SUMMARY:
Competition:

Company is well positioned

Potential Growth:

Excellent potential

For more information on this listing, please complete our Non-Disclosure Agreement
CONTACT DEAL OWNER

Vasilis Georgiou

Phone: 949-753-2825
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