Bulk Cooking Oil Distributor

The Company is a bulk cooking oil distribution business. The Company sells cooking oil and offers delivery of new oil, pickup of old oil, and installation of cooking oil systems. The Company resells the used oil that it picks up from its customers.

Key Aspects

• Revenue grew at a compound annual growth rate (CAGR) of 21.2% from 2021 through 2023

• Adjusted EBITDA margin of 14.5% from 2021 through 2023

• Approximately 99% of the Company’s 2023 revenue derived from reoccurring sales

• Longstanding success

• The Company’s new operating facility has railroad access, which management anticipates will lower the cost of approximately 40% of the oil the Company purchases by 20%, beginning in 2024

• Centrally located in a state experiencing significant population growth

Opportunities

• Establish a formal marketing strategy to gain additional customers

• Increase market share through geographic expansion

• Search engine optimize (SEO) the Company’s website to reach more potential customers

• Offer additional types of cooking oils, such as avocado oil, to expand customer base and better serve existing customers

Headquartered

• Southeast, US

Current Markets

• The Company serves customers in the restaurant, food manufacturing, and animal feed industries in the Southeast, US

Real Estate

• The Company operates from a 20,000 sq. ft. facility leased from an affiliated entity

• The facility may be included in the sale of the Company or leased long term

• Ownership notes that there is room to grow in the current location