Hispanic Foods Wholesaler And Distributor
Location New York,United States
Asking Price Range $2.5M - $5.0M
Gross Revenues $11000000
Net Profit / Cash Flow $650000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1990
Number of Employees 35 - 49
Inventory 500000
Relocatable Not Disclosed
Number of Employees 35 - 49
Real Estate Owned
Training Seller will ensure a smooth transition.
Reason for Sale Other business interests.
Description Well established wholesaler and distributor of Hispanic foods to all major Supermarket Chains and other food retailers in the Northeast. The market for ethnic foods is growing throughout the country, especially in the Hispanic market segment, driven by demographics and by an increase in disposable income. The Hispanic population desires foods that best resemble or mimic those found in their homelands. This is an excellent opportunity for a manufacturing or distribution company with existing products to enter the large supermarket chains. Business has excellent penetration in all major supermarket chains including ShopRite, Stop and Shop, A&P, Pathmark, and others, servicing about 1,500 locations in the following markets - DE, PA, NJ, NY, CT, RI, and MA. The company is able to provide excellent access to its products on a weekly or bi weekly basis as required, and is highly regarded by its customers. Company offers a diverse product selection, many of which are household brand names, under multi year, exclusive distribution agreements. Highly efficient and well managed distribution network via 13 truck routes. 16 years in business. 11 million dollars in annual sales. $650,000 in Owner s discretionary earnings. Exceptionally high gross margins averaging 32%, exceeding the industry average Businesss is operating out of a company owned 20,000 sqft building, including a warehouse and offices, conveniently located near all the major highways. Business has tremendous growth opportunities for the right buyer. This is an exceptional opportunity for a company that has prior experience in the distribution business, in particular a food distributor interested in entering the Northeastern market and / or the booming Hispanic market. Contact for more information on this Hispanic Food Wholesale Distribution business for sale.
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