Growing Food Gift Business Set for New Owner

Not Disclosed, IL

Asking Price: Annual Revenue:
$2,500,000 $3,426,028

Wholesale/Distribution: Non-Durable Goods

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RE: Growing Food Gift Business Set for New Owner Broker: Steven Eschbach

Quick Facts

Asking Price: $2,500,000
Annual Revenue: $3,426,028
Net Profit: Not Disclosed
Cash Flow: $548,237
Total Debt: Not Disclosed
FF&E: $165,304
Real Estate: Not Disclosed
Year Established: 1983
Employees: 68
BBN Listing #: 579352743
Broker Reference #: 3233-588655

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Business Overview:

A well-known and very well established Chicagoland food gift distributor has laid a strong foundation for its new owners to continue to prosper.

The owners have designed a turnkey operation that includes manufacturing, distribution and attractive gift baskets for all to enjoy.

Key Investment Highlights:

* Company has delivered top line revenue and bottom line profitability since introducing its new expanding distribution model in 2019.
* 2021 revenues up over 7% from 2020 and up by 80% from 2019.
* 2021 seller's discretionary earnings up three-fold from 2019.
* Food gift items include baked goods and fruit; since introducing its fruit line two years ago that has now grown to over 50% of its revenue stream.
* Items can be purchased at any one of its 4 Chicagoland stores or same day local delivery to the front door.
* Seamless process in place with call center that integrates impeccable delivery service (15 drivers) to its 6 county delivery area.
* Flowers - both in store and delivery - to be added to its gift items in the very near future.
Business has been operating for nearly 5 decades. Second-generation owner that has changed the business model for continued growth over next ten years.
The gifting business model has been setup with call center or lead generation through multiple web sites. DTC distribution and back office fulfillment are key to this food processing model.
This business model has been established for a number of years. Adding new products will be key to growth down the distribution model. An easy, turnkey process moving forward.

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Reason for Selling:

Other interests.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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