Company Overview
- Sector: Medicaid food provider (meal preparation and delivery for beneficiaries)
- Location: Miami-Dade County, Florida
- Founded: 2017 (8 years in operation)
- Certification: Medicaid-certified provider
- Contracts: 8 insurance companies and Adult Day Care centers
- Daily Operations: Over 1,800 meals cooked and delivered across Miami-Dade
- Business Model: Recession-resistant; maintained operations during the pandemic
- Operational Structure: Well-organized processes with a loyal, experienced team
- Employees: 26 (management, kitchen, office, packing, and drivers)
- Transition & Support: Up to 90 days of owner training and support
- Reason for Sale: Owner retiring
- Confidentiality & Requirements: Confidential sale; buyer must provide profile and proof of funds (U.S. bank) to receive exact location and arrange a meeting
Facility Description
- Location: Prime Miami-Dade area
- Total Size: 1,500 sq. ft.
- Monthly Rent: $6,700
- Lease: 3-year lease with renewal option
- Facilities: Fully equipped industrial kitchen with ovens, coolers, freezer, packaging area, and offices
- Parking: Ample parking for staff and logistics
Financial Information
- 2024 Sales: $2,806,400
- Ordinary Business Income: $195,400
- Add-Backs: $198,800
- SDE (Seller’s Discretionary Earnings): $394,200
- Asking Price: $2,600,000
- 2023: $2,626,860
- 2022: $2,507,340
- 2021: $2,768,830
- 2020: $2,274,730
Industry Overview
Industry Information in the USA & Florida (2024)
United States
- Market Size: The U.S. healthcare services market reached $4.6 trillion in 2024 and is projected to grow to $4.87 trillion in 2025.
- Food & Nutrition Programs: “Food is Medicine” initiatives are expanding nationwide, providing medically tailored meals to millions of participants.
- Public Health Initiatives: Federal and state programs are improving access to healthy food options for vulnerable populations.
- Medicaid Enrollment: Over 4.35 million people as of November 2024.
- State Budget: $116.5 billion for fiscal year 2024–2025, with a major allocation to health and human services.
- Trends: Increasing demand for long-term care services and higher reimbursement rates for meal providers.
- Opportunities: Strong growth in meal delivery for Medicaid participants, along with contracts from adult day care centers and insurance companies.
