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. Subscribe for more episodes: https://www.youtube.com/@AcquisitionsAnonymousPodcast?sub_confirmation=1 Subscribe to our Newsletter: https://www.acquanon.com/newsletter Connect with us on Social Media: Twitter: https://twitter.com/acquanon LinkedIn: https://www.linkedin.com/company/acquanon 👋 Follow the Hosts Michael Girdley – Entrepreneur & investor. Twitter: https://twitter.com/girdley Bill D’Alessandro – CEO of Elements Brands. Twitter: https://twitter.com/BillDA Heather Endresen – SBA lending expert & advisor. Twitter: https://twitter.com/EndresenHeather Mills Snell – Small business investor & advisor. Twitter: https://twitter.com/thegeneralmills 💰 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.com Verivend – 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.com 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