Wholesale Produce Grocery Distribution Business $4MM Gross Steady Book

417 Produce Photo
Asking Price:$921,000 Gross Income:$4,000,000 Cash Flow:$330,000
EBITDA: FF&E:$10,000 Inventory:$25,000
Real Estate: Established:1980 Employees:6

Business Description

This legacy business was started by the Seller's father in 1980, and as much as it pains him to admit it, the grind of taking care of customers has finally taken its toll. Seller desires a more low-key business venture that is not so immediately focused on daily orders, maintaining exceptional customer service, and the early hours. He puts in many hours in this labor of love, but the time has come to pass this on to another larger enterprise, as this represents an ideal strategic acquisition for an established player in the industry. Approximately 75 accounts, all of them save 5-10 are seasoned for over 5 years.

Averages 20% gross margin across the board on all sales, for Gross Profit of $700,000+ per year. 75% of total sales would be categorized as produce, 25% would be Etc...category, comprising of dairy, grocery, value add, all kinds of tasty treats. NDA is required to review preliminary financials and first round due diligence package & to schedule a conference call with the Seller if requested.

Additional Features

Detailed Information

Inventory: Included in asking price

Real Estate: Leased

Employees: 6

Furniture, Fixtures, & Equipment (FF&E): Included in asking price

Facilities: Run out of 2 offices. First is refrigerated warehouse space that is on a month to month lease (easily terminated prior to close). 2nd is home office of Seller. Portable within OC, LA, IE.

Competition: Pretty strong, but the business was started by the Seller’s father and all but 5-10 accounts are over 5 years old. Steady established book of clients.

Growth & Expansion: No sales staff. No outbound marketing of any kind for the past decade. Seller is too busy in the trees and can’t see the forest.

Financing: $600k Down, $6,057.67 / Month for 60 Months at 5.0%!

Support & Training: 8 weeks, 20 hours per week commitment by Seller. Seller will effect a smooth transition to all accounts after closing.

Reason for Selling: Burnt out. Clients always need it, and they need it now! No vacations….

 

Ace Business Brokers NDA & Buyer Profile

 

NDA’s are always required to secure due diligence packages for our engagements. Please reference 417 Wholesale Food Distribution when typing your name on our form please! Thank you!!

Please take a moment to CLICK HERE, to fill out our online confidentiality agreement. Once we receive your NDA we will follow up and provide the due diligence package on the opportunity you are interested in.

Listing Inquiry

Comments

No Comments Yet.

Leave a Reply