Importer And Distributor Of Italian Food Products
Location New Jersey,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $2680000
Net Profit / Cash Flow $480000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2002
Number of Employees 6 - 9
Relocatable Not Disclosed
Number of Employees 6 - 9
Real Estate Leased
Training Yes.
Reason for Sale Other interests.
Description Well established Importer, Wholesaler and Distributor of Italian food products. Company imports primarily from Italy but also from Spain and Canada a diverse selection of branded, non-branded and private label food products including pasta, rice, prosciutto, olives, jarred and canned goods, coffee, cookies, cheese, and olive oil. Company wholesales and distributes via a highly efficient and well managed distribution network via 4 routes to NY, NJ and CT. Loyal and long term client base consists of over 200 active accounts including deli's, gourmet shops, privately owed supermarkets, grocery stores and restaurants. No customer represents more than 2% of the total annual revenue of the company - eliminating any dependency of the company on any one account. Business is successful in locating and importing strong national and regional brands abroad some on an exclusive or a semi exclusive basis. Company provides its customers reliable service at competitive prices. Company operates at an overall gross margin of above 30% owing to its importing capabilities. Company operates successfully with a small and loyal workforce of 8 employees. Business operates out of a leased 10,000 sqft fully equipped warehouse, conveniently located near the GWB. In 2007 Company has added an adjacent successful upscale delicatessen. Tremendous growth opportunity lies in expanding the wholesale distribution side of the business by expanding the product lines, increasing the private label products and adding on accounts and routes. In addition the retail component of the business is poised for significant growth. Contact for more information on this Italian Food Import And Distribution business for sale.
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