Seller's Contact Information
- RE: Food Distribution Company Nets $675,000
- Contact: Customer Service
Quick Facts
| Asking Price: | $995,000 | |
| Annual Revenue: | $2,200,000 | |
| Net Profit: | $675 | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | 650,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1985 | |
| Employees: | 12 | |
| BBN Listing #: | 70853909 | |
| Broker Reference #: | CATR169 |
Business Overview:
Forty-year-old food distribution company as an off-Premise catering company, with no retail services, 100% of its products are delivered to it many customers. Owner is now retiring after many years of success, servicing central New Jersey residents for all of their catering and social needs. The company has a 2022 yearly gross income of $2,248,683.56 and a net yearly income of $699,361.13 which can be evidenced by a formal due diligence. It is estimated, seventy percent of their yearly gross income is based on repetitive corporate accounts which include various New Jersey state Universities, colleges, and government agencies. This company is highly rated for their outstanding off premise services such as Wedding Catering, Bar Mitzvahs, Bat Mitzvahs, Corporate Events, and many other special catering events. This is a highly respected catering company with generations of good will to their many customers and been rated as one of the largest most successful catering companies in the state of New Jersey. This is a dependable safe business opportunity and based on the asking price, available financing and yearly net income, this business expects to supply a consistent return on investment to the owner operator.
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Property Features and Assets:
This business opportunity is in north central New Jersey, Middlesex / Somerset / Mercer Counties on a highly active county road conveniently located for quality service and delivery. This business facility is approximately 2,400 square feet consisting of a commercial kitchen, store, and office with a professional appearance. The business is in a free-standing retail facility conveniently located for its various customers. The facility is designed for high volume food production consisting of a fully equipped commercial kitchen.
Market Competition and Expansion:
Regarding competition, based on the style of industry, to the best of our knowledge, no other new competitors are expected to affect this company. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Reason for Selling:
Owner retiring.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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