Wholesale Distribution Biz in Hudson County-33101

Not Disclosed, NJ
Hudson County


Asking Price: Annual Revenue:
$1,500,000 $7,500,000

Wholesale/Distribution: Non-Durable Goods


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RE: Wholesale Distribution Biz in Hudson County-33101 Broker: Gerald Nimberg
Owner Financing is Available!
$1,500,000.00 Down & None.

Quick Facts

Asking Price: $1,500,000
Annual Revenue: $7,500,000
Net Profit: Not Disclosed
Cash Flow: $500,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1988
Employees: 7
BBN Listing #: 55874447
Broker Reference #: 33101

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Business Overview:

This well-established, high volume 30-year old Company distributes Canned Goods, Paper Products, Cleaning Supplies, Household Needs and General Merchandise to Supermarkets, Grocery Stores, Bodegas, Restaurants and Cafes. Customer orders are placed by phone; picked by the Company at night and delivered the Next Day. Product is shipped COD; payment is made by check (20%) or credit card (80%). Delivery fees are charged - either fixed fees, or percentage based depending on the customer. The Company's supplier provides the Company with more than $7. 5 million worth of Inventory annually at prices that are at or below typical wholesale costs. And, the supplier provides the Company Rent Free Space, Access to its vast warehouse of Inventory; Access to its enormous customer base (35,000 merchants); Bi-weekly promotions; financial incentives to move product ($8 to $10 million credit line), and often added Supplier price discounts and Incentives. Wholesale Food Distribution CompanyThis well-established, high volume 30-year old Company distributes Canned Goods, Paper Products, Cleaning Supplies, Household Needs and General Merchandise to Supermarkets, Grocery Stores, Bodegas, Restaurants and Cafes. THIS IS A RECESSION PROOF BUSINESS. OTHERS SAY IT, WE MEAN IT. When restaurants close, people are eating home and grocery stores, bodegas and supermarkets, the Companyâ??s prime markets, flourish.The Company's supplier provides the Company with more than $7. 5 million worth of Inventory annually at prices that are at or below typical wholesale costs. And, the supplier provides the Company Rent Free Space, Access to its vast warehouse of Inventory; Access to its enormous customer base (35,000 merchants); Bi-weekly promotions; financial incentives to move product ($8 to $10 million credit line), and often added Supplier price discounts and Incentives. The Company services 5,000 active customers who buy on average $2,500 per delivery. It employs six drivers, six helpers, four pickers, four commissioned sales reps and it utilizes eight box trucks and an office staff of three.Expansion-further development of this Company is planned into New York and into institutional markets such as hospitals, hotels, nursing homes, schools, prisons and everywhere where people are housed and fed.The price for the Core business is $1.5 million based on sales of $7.2 million and Net Cash Flow of $500,000. Increases in the Core business beyond that should enable the Seller a potential Earn-Out of up to $1.0 million. Expansion into other states or into new markets by the Seller should be achieved on a Royalty basis. Price and terms are flexible. For more information contact Gerald Nimberg, Senior Business Broker at Vested Business Brokers.

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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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