Ethnic Foods Importer & Wholesaler
Location New Jersey,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $5188545
Net Profit / Cash Flow $262710
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1988
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Training Seller will provide training
Reason for Sale Personal
Description Serious Buyers Only! Financials Are Completely Verifiable! Huge Upside Potential! The Owner of this Profitable, Long-Established and Reputable Ethnic Foods Importer and Wholesaler is offering to sell for $1.25M a 50% stake (inclusive of inventory recently valued at ~ $1,400,000) to a working partner, who is prepared to invest upwards of another $1M in growth capital in lockstep with the seller in order to Double/Triple Revenues Over The Next 3 Years. Ready-To-Eat products sell into 100% of the grocers nationwide who cater to this specific and large ethnic population.
There is a substantial opportunity to add new lines into existing distribution channels and also to expand into mainstream food retailers, as this ethnic food category continues to become more and more popular. The owner is willing to stay on for up to 3 years to share his hard-earned know-how and effectively handover his many valuable relationships. Under the right circumstances, the owner is open to selling 100% of the business upfront to an entity or individual.
Please be prepared to sign the seller's own confidentiality agreement and submit a brief bio before receiving the name and address of his business. Email or call Senior Vested Business Broker Jay Goldman at 646-670-1961 to arrange an appointment to meet with the owner.
Click Here To Contact Seller
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