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.

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This 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 loan

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