Seller's Contact Information
- RE: Dry Goods Wholesale Importer & Distributor
- Contact: Stephen Harrison
Quick Facts
| Asking Price: | $2,650,000 | |
| Annual Revenue: | $4,220,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $166,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 119147780 | |
| Broker Reference #: | 413110-S8H18 |
Business Overview:
The Dry Goods Wholesale Importer & Distributor is located in the Lower Mainland region of British Columbia, Canada. The Company provides a wide assortment of food (no meat products) and paper products primarily for the independent Chinese restaurant marketplace. The Company has on average 350 active customers per year.
The Company was generating $6M annually for most of the 40 years they've been operating, dipped to $4.2M at the height of the COVID shutdown and has been rebounding since.
The Company has established relationships with several hundred restaurants and small invoices on average so they're hard to displace. The Company enjoys relationships with some unique suppliers of Chinese dry goods which Chinese customers covet.
Management
The business has a diverse range of experienced and long-term employees who will be a part of the transition to new owners. Current staff can handle the day-to-day operations of the business.
The current owner of the Company is willing to remain in the business after the sale for a negotiated period of time to ensure a smooth transition.
Reason for the business sale is retirement.
Property
Approximately 30,000 square feet. Lease recently renewed for 5 years and 5 year option. Currently running at 75% capacity.
Asking Price: $2,650,000 which includes all of the operating assets, current inventory and prepaid expense.
2020 EBITDA: $264K
2021 EBITDA: $166K
*figures in CAD$
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.
Reason for Selling:
Retirement
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
Here are some of the similar listings you can choose from
Asking Price: Not DisclosedUniforms Distribution Business for sale
This Miami established company has been in the school/hospitals/other uniforms and workwear distribution business for 33 years. It markets over 10,000 Skus. It operates from a rented store centrally located in Miami where merchandise is also sold on a retail basis. 2023 sales amounted to $ 602,000 including Online sales of $ 242,000, Gross margin is 55% and SDE is 18%. Asking price $ 350,000 plus inventory.
