MealPro Acquires New Office Through SBA 504 Loan To Support Growth

MealPro, a leading name in the customizable meal delivery sector, has recently marked a significant milestone in its growth journey by acquiring a new office space for $1.85 million. Located at 11231 Gold Express Dr, Gold River, CA, 95670, the office is positioned in an affluent suburb of Sacramento and is financed through the SBA 504 small business loan program. This strategic move is set to bolster MealPro's marketing and support operations, facilitating an enhanced service offering to its nationwide customer base.

Andy Sartori, the Founder & CEO of MealPro, emphasized the importance of owning their infrastructure to the company's robust foundation. "MealPro is a company with a strong foundation, and we see owning our infrastructure as mission-critical," he stated. In the past two years alone, MealPro has invested over $5 million in its vertical integration strategy. This includes a $3.3 million investment in a food production facility, acquisition of refrigerated trucks for direct ingredient sourcing, and the procurement of advanced cooking and packaging equipment.

"Vertical integration is the foundation of our success. Controlling every facet of our operations, from ingredient sourcing to cooking, packaging and fulfillment, we can uphold rigorous quality standards and consistently exceed customer expectations. MealPro is built for the long term, our strategy relies on strong customer loyalty," Sartori elaborated on the company's strategic approach.

The current business environment presents numerous challenges for companies looking to expand. Mark Schwan, Senior Vice President at Bay Area Development Company—one of the banks underwriting MealPro’s office purchase—highlighted the difficulties businesses face amidst inflationary pressures and interest rate challenges. Jim Stephens of TRI Commercial, the broker who facilitated MealPro's acquisition, also noted the tough conditions in the office market but acknowledged how programs like the SBA 504 loan are crucial for enabling companies to secure long-term financing for such investments.

This expansion is not just about physical growth but also signifies MealPro's commitment to innovation in the food delivery industry. By investing in its infrastructure and embracing a vertically integrated business model, MealPro aims to continue its growth trajectory while maintaining high standards of quality and customer satisfaction.