Overview
This Asian specialty retailer has strong brand name recognition and a very loyal customer base, which can be leveraged to expand store front locations and/or to establish a specialty restaurant wholesale operation in the local market. Revenue growth is compounding annually at 19.5%. Anticipated 2011 revenues will be $16MM.
Company Highlights
- Strong Regional Brand. Referred to as the “Trader Joes” of Asian cuisine, the company has strong name recognition within the Pacific Northwest.
- Growth and Profitability. On target to achieve $16MM in annual sales in 2011 representing 19.5% annual compounded growth rate since 2005. Anticipated pre-tax profits for 2011 of $1MM.
- Highly Scalable Retail Platform. The strong brand and business model can be easily leveraged for expansion in this dynamic growth market.
- Restaurant Specialty Wholesale. Infrastructure in place to launch a wholesale operation catering to 1800 restaurants within five mile radius.
- Strong Demographic Trends. The Asian community in the Pacific Northwest has grown 15 percent from 2005 and is expected to grow at the same rate through 2016. During the same period of time Asian Median family income grew 37% to $57,670.
- Core Competency. Low cost deliverer of high quality specialty food products.
- Negative Trade Cycle. Inventory turns exceed accounts payable terms; therefore generating excess free cash flow.
Client #11401