Wholesale Food Distributor Ready To Grow Fast With City Redevelopment

New York, NY (New York County)

Seller Financing Available
Wholesale Food Distributor Ready To Grow Fast With City Redevelopment

Asking Price:N/A

Cash Flow:$1,000,000

Gross Revenue:$9,200,000

EBITDA:N/A

FF&E:$600,000

Inventory:$300,000

Real Estate:$1,200,000

Established:1996

Wholesale Food Distributor Ready To Grow Fast With City Redevelopment

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Business Description

The Company is the most important wholesale food distributor on Staten Island, currently serving the Entire NY Metro area. While the majority of customers are restaurants and commercial sites, the 3000 sq.ft. cash-and-carry also attracts retail customers. The product mix is aligned with the local needs, but also includes a private label brand of Italian tomatoes.

Impeccable quality and reliable service has been the main driver for customer loyalty and consistent profitability. The owner feels a responsibility to the customers and to the legacy of the business and will help the new owner ensure a successful transition.

Attached Documents


Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
N/A
Employees:
15
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Square Footage: 9600 Type of Location: Stand Alone Facilities: TWO LOTS AND WAREHOUSE BUILDINGS AND CASH AND CARRY STOREFRONT INCLUDING ALL NECESSARY FREEZERS AND REFRIGERATED AREAS.
Competition:
Competition: NO LOCAL COMPETITORS
Growth & Expansion:
Staten Island is undergoing a massive re-development project through 2030. A mix of commercial, residential, and amusement projects will draw an enormous number of customers; requiring local wholesale food service serve the growing needs. The company is perfectly situated to take full advantage of the rapid growth. In addition, the owner maintains excellent relationships with existing customers, but a sales-oriented new owner has the potential to grow the business substantially. The adjacent lot may be used for expansion or a strategic real estate development.
Financing:
NEGOTIABLE
Support & Training:
COMPLETE TRAINING AND SUPPORT INCLUDED
Reason for Selling:
RETIREMENT

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MEL LISITEN

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MEL LISITEN

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