Regional Multi-Store Operator in Central Texas was acquired by Morton’s Drive-In Grocery
The location sits on approximately 5 Acres with another 2 Acres for expansion. It has significant road frontage on a U.S. Highway with close proximity to national big box retailers. The Site and Store layout were professionally designed by an award winning convenience retail design company to enable greater operating efficiency, outstanding customer convenience, differentiating appearance, lower operating costs, and ease of maintenance. The facility includes a state of the art “Ventless Kitchen” and is equipped with LED Lighting (inside & outside), Hands-Free Bathrooms, Built in Maintenance Tools, Beer Cave, Ice Bagging Machine, and Walk-in Freezers & Coolers, plus much, much more.
Morton's Drive-In Grocery
Regional Multi-Store Operator in Central Texas
Team worked diligently with multiply buyers, banks and accounting and legal professionals to locate ideal acquirer and provide for seamless transfer of ownership.
SBA Financing was difficult due to the location only being a couple of years old and not have a long history of economic activity.
The Patriot M&A team working directly with Randy Morton, made some significant changes to the stores inventory, processes and offerings. These changes helped propel the store from over $300k in EBITDA to over $1M in just 30 months.
Rural business are provide a challenge when finding the right qualified buyer, and a great deal of searching is needed. Additionally, the rural nature of some businesses will increase the time on market due to less buyer activity.
"Daren to you and your entire family!!!! We will never forget and always be thankful for everything that you have done for us. Our life is a whole lot less stressful because of your huge help. Diane and I both want to also send a HUGE thank you to Natalie for sharing so much of her time with you to help us with our journey. So please give her a big hug for us both. We are hoping that you,Natalie, and the boys have a great ?? day!!!!! " Randy Morton