Gourmet Foods Distributor For Sale
Reviewed Favorably by an SBA Lender
Suffolk County, Massachusetts
Listing Number: 1578
Asking Price: $960,000 (inventory included)
Gross Revenues: $2,552,000
Cash Flow: $330,000
This company sells and delivers specialty domestic and imported foods to luxury hotel and restaurant customers.
- Over 100 customers; low customer concentration
- Business ideally located close to customers
- Same-day delivery capability for urgent customer orders
- Diversified and unique product line of nearly 4,000 food items
- Several customers have a 40-year trade history or longer
- New sales rep recently turned profitable with strong trajectory.
Included with Sale: 4 delivery vans, all FF&E necessary to operate the business.
Interested buyers must sign a Confidentiality Agreement to receive further information about this opportunity.
Facilities: The business leases space in office and warehouse building with a loading dock, drive-in bay door, office space with amenities and ample parking. There is a favorable 5-year lease in place until 2024. The business has room to grow in the current space but could be moved if a new owner so chose.
Growth & Expansion: Ample growth opportunities including recent award of approved supplier to new highly-coveted customer.
Employees: 7 FT/ 1 PT
Financing: A qualified buyer should be able to obtain SBA financing with 10-20% down.
Support & Training: The owner and general manager will provide necessary support and training.
Reason Selling: To focus on other business interests