Major Wholesale Food Distributor

NEW YORK, NY


Asking Price: Annual Revenue:
Not Disclosed $9,200,000

Wholesale/Distribution: Durable Goods


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RE: Major Wholesale Food Distributor Broker: Mel Lisiten
Owner Financing is Available!
NEGOTIABLE

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $9,200,000
Net Profit: Not Disclosed
Cash Flow: $1,000,000
Total Debt: Not Disclosed
FF&E: $600,000
Real Estate: $1,200,000
Year Established: 1996
Employees: 15
BBN Listing #: 6755287
Broker Reference #: C2160808

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Business Overview:

The Company is the most important wholesale food distributor on Staten Island, currently serving the Entire NY Metro area. While the majority of customers are restaurants and commercial sites, the 3000 sq.ft. cash-and-carry also attracts retail customers. The product mix is aligned with the local needs, but also includes a private label brand of Italian tomatoes.

Impeccable quality and reliable service has been the main driver for customer loyalty and consistent profitability. The owner feels a responsibility to the customers and to the legacy of the business and will help the new owner ensure a successful transition.

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Property Features and Assets:

Inventory: $ 300,000 (Included in Price) Square Footage: 9,600 Type of Location: Stand Alone Facilities: TWO LOTS AND WAREHOUSE BUILDINGS AND CASH AND CARRY STOREFRONT INCLUDING ALL NECESSARY FREEZERS AND REFRIGERATED AREAS.

Market Competition and Expansion:

Competition: NO LOCAL COMPETITORS Potential Growth: Staten Island is undergoing a massive re-development project through 2030. A mix of commercial, residential, and amusement projects will draw an enormous number of customers; requiring local wholesale food service serve the growing needs. The company is perfectly situated to take full advantage of the rapid growth. In addition, the owner maintains excellent relationships with existing customers, but a sales-oriented new owner has the potential to grow the business substantially. The adjacent lot may be used for expansion or a strategic real estate development.

Reason for Selling:

RETIREMENT

Additional Details:

  • The property is owned.
  • The owner is not 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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