71180 - Wholesale and Distribution of Gourmet Foods

WA

Seller Financing Available
71180 - Wholesale and Distribution of Gourmet Foods
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Asking Price: Get Financing: $750,000

Cash Flow: $180,000

Gross Revenue: $3,150,000

EBITDA: N/A

FF&E: $225,000

Inventory: $500,000*

Established: 2005

*not included in asking price.

71180 - Wholesale and Distribution of Gourmet Foods

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Business Description

Operating from its headquarters in Puget Sound, Washington, this company is a wholesale distributor that provides niche gourmet foods, ingredients and supplies to companies who cater and host special events. The company’s product line includes, specialty ingredients, some prepared food, and some seafood. The company has exclusive state-wide distribution rights for one of their vendors, and also distributes many other branded products. Many loyal customers which need the specialty products that this business maintains in its inventory. Marketing efforts focus on targeting companies that host special events, catering, delis, and in-plant company caterers. This has led to over 10 years of constant growth, even through the depression of 2008.

Currently 65% of revenue derives from the sale of products sold to caterers and businesses hosting special events. Retail grocers and delis are 20% of the revenue, in house food services for manufactures and upscale senior living communities account for 10% and the remaining 5% of the revenue comes from a few restaurants and bakeries. There is a lot of room for growth in each of these segments. This company could be operated in a hands on or absentee fashion, giving the owner the ability to enjoy a flexible schedule and as much control of the business activities as desired. Potential buyers will be happy to hear that no customer accounts for more than 20% of revenue, and no vendor accounts for more than 20% of the product sold. The company has a modern website, a buyer would do well to use this to expand their service area.

Detailed Information

Inventory:
Not included in asking price
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The owners currently lease over 14,000 square feet of industrial warehouse space. The facility includes office space, a refrigerated room, and a temperature controlled room. There are 5 dock high loading doors and 3 ground level doors for shipping and receiving. This warehouse is conveniently located for the regional service area.
Competition:
90% repeat clientele.
Financing:
Negotiable up to: 15.00 %
Support & Training:
Key employees are most likely willing to stay on and the business owners are available for a transitioning period before they step into retirement.
Reason for Selling:
Approaching retirement.
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(from currently available funds)
 
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IAG Buyer Division

Business Listed By:
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IAG

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