Business Description
Founded in 1998, this business is a trusted manufacturer of industry-leading food processing equipment, serving a range of sectors including seafood, meat, poultry, agriculture, and dairy. Known for its innovation and engineering versatility, the company offers a broad portfolio of machinery —including patented designs—serving clients across multiple continents. Typical orders range from $100,000 to $300,000, with standard lead times of approximately eight weeks for equipment production.
SDE fluctuations stemmed largely from the broader financial impact of COVID-19 and an industry-wide overcorrection. Many companies faced similar financial strain, leading to a slow recovery. Although initial optimism returned when interest rates dropped, the later rise in rates revealed the unsustainability of debt-driven operations, causing sales to decline and recovery efforts to stall. However, the business is now back on track. The company is well-positioned for renewed growth and long-term stability with a more balanced customer mix, new product lines, and strengthened financial discipline.
The business employs a dedicated team of approximately 16 staff members, with most employees having been with the company for over a decade, reflecting a strong culture and low turnover. The owner is confident that the entire team will remain in place post-sale. Although the current owner intends to eventually exit, they are willing to remain in a transitional or advisory role to support the next phase of growth.
2020 | 2021 | 2022 | 2023 | 2024 | |
Revenue | $5,307,134 | $6,627,295 | $9,976,476 | $7,715,853 | $5,669,587 |
SDE | $(27,648) | $253,948 | $(360,065) | $155,782 | $460,235 |