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Wholesale Food Distribution Company

Location  New Jersey,United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $5000000
Net Profit / Cash Flow  $250000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  1988
Number of Employees  6 - 9
Inventory  125000 Equipment Only
Relocatable  No
Number of Employees  6 - 9
Real Estate  Leased
Training  The owner will remain post closing and supply an appropriate transitional period.
Reason for Sale  Retiring after many years of success in this industry.

Description  
Wholesale Food Distribution Company which has been a high quality food service distributor to a various retail businesses since 1985 and located in Passaic County, Northern New Jersey. This company offer thousands of quality food & house hold products to its various customers. The distributor is well known in the general area for its excellent service at competitive prices. The business has a 2014 gross yearly income of $5,000,000 and a minimum net yearly income of $250,000. The company is located in a modern commercial 18,000 square foot facility with a yearly rent of $61,000. The business has ten employees consisting of drivers and warehouse workers. This distribution business income consist of 40% cash & carry and 60% delivery service within a ten mile area. This particular business has eight employees who are unaware of the pending sale and fully expected to remain post closing, monthly payroll is approximately $12,500. The business has an assignable commercial lease which expires 2020-01-01 plus additional options, with a monthly rent of $5,083 and rent security $10,000. The sale includes, vehicles, commercial shelving, commercial refrigeration / freezer units, POS system, computers, software for this industry, accounting software, high lows vehicle, including all the necessary equipment to maintain the day to day operation of this wholesale company. The facility has appropriate private parking on site as part of the commercial lease. The business is active six days per week, with hours from 8:00 am to 5:00 pm. The sale includes a certificate of occupancy from the particular municipality to conduct business at this location. Their service is top of the line with delivering and linking products from manufacturers to the various retail customer they serve. Based on the asking price, required down payment and yearly net income, this business expect to supply a 33% investment return to the owner operator.


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