Would You Pay $2M for a 70-Year-Old Sandwich Factory?

In this episode, the hosts unpack a 70-year-old South Carolina sandwich business supplying gas stations and vending machines—and debate whether its low margins and high complexity make it a hidden gem or a money pit.Business Listing – https://mergerscorp.com/property/70-years-old-american-producer-and-wholesaler-of-pre-packaged-foods/Welcome to Acquisitions Anonymous – the #1 podcast for small business M&A. Every week, we break down businesses for sale and talk about buying, operating, and growing them.💰 Sponsored by:OpenPhone – The modern business phone system for small businesses. Get a professional number, manage calls and texts from one app, and separate work from personal life. Try it free at https://www.openphone.comVerivend – The fastest way to send and receive capital for deals. Verivend simplifies fundraising and LP payments with instant, secure transactions. Learn more at https://www.verivend.comThis episode features a quirky 70-year-old business in South Carolina manufacturing and distributing pre-packaged sandwiches to vending machines, gas stations, and convenience stores. With $5.7M in revenue and $426K in seller discretionary earnings (SDE), the company also owns a 14,000-square-foot facility and employs 42 non-union staff.Key Highlights:- Asking price: $2M | Revenue: $5.7M | SDE: $426K- 70-year-old sandwich business with regional distribution- 42 non-union employees in a 14,000 sq ft facility- Potential hidden issues: low EBITDA per employee, unaccounted rent, food safety risks- Strong debate: Mills gives a thumbs up, Heather “pre-declines” the loanSubscribe to  weekly our Newsletter and get curated deals in your inboxAdvertise with us by clicking hereDo you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel.Do you enjoy our content? Rate our show!Follow us on Twitter @acquanon Learnings about small business acquisitions and operations.For inquiries or suggestions, email us at [email protected]