Ethnic Food Importer, Retailer & Wholesale Dist...

San Francisco Bay, CA
San Francisco County

Asking Price: Annual Revenue:
Not Disclosed $10,312,000

Miscellaneous: Non-classifiable

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RE: Ethnic Food Importer, Retailer & Wholesale Dist... Broker: William Mitchell
License #: 01898324
Owner Financing is Available!

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $10,312,000
Net Profit: Not Disclosed
Cash Flow: $753,740
Total Debt: Not Disclosed
FF&E: $80,000
Real Estate: Not Disclosed
Year Established: 1984
Employees: Not Disclosed
BBN Listing #: 361338444
Broker Reference #: OAKLACA001-N231

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Business Overview:

This is a 35-year-old importer/distributor of specialty foods from the S. Pacific, Asia and Latin America, selling through its retail store and also its extensive wholesale network, consistently generating over $10M annually and $750,000+ in profits. In the United States and Canada there is a growing ethnic population along with regular consumers raised on the Food Network demanding more ethnic foods. Most big grocery stores don’t carry many of these ethnic food products. This company caters to this demand with their own market in the Bay Area and a wholesale distribution network that covers both the United States and Canada. This company has a well-earned reputation for providing excellent service with integrity and has successfully sustained long-term business relationships with its loyal customers and vendors. Many of the business’ relationships extend back to when the company opened, 35 years ago. It started with just its Bay Area retail store and eventually expanded into wholesale distribution throughout N. America. Of its $10 million in annual sales, about 15% are from its retail store and 85% from its wholesale business. The products it sells include canned meats and seafood, spaghetti/baked beans/sauces, candies/cookies/crackers/biscuits, as well as produce and frozen meats, poultry and seafood. These products are imported from many countries around the world, such as Australia, New Zealand, Fiji and Latin America. The company buys ocean container and truck loads of these products and has them shipped from these countries, sometimes directly from the foreign manufacturers to its customers, including sub-distributors, in many U.S. states and Canada. The company’s Bay Area grocery store not only sells to its retail customers but also sells and trucks wholesale to many other retail stores in N. California and beyond. Besides selling brands well-known in the countries from which the company imports, it also sells its own trademarked, private label brands that have become very popular with its customers. Business Attributes: • Consistent revenues over past five years and very profitable • Strong relationships with sub-distributors across the country • Strong relationships with suppliers from source countries • Long lasting relationships within the supply chain including U. S. Customs and food regulatory agencies • The business holds a strong position in the market with its own trade-marked brands • Brand recognition in many U.S. states and Canada

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Property Features and Assets:

Real Estate License ID: 01898324

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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