Profitable- Turn-key -Food Distribution

Los Angeles, CA (Los Angeles County)

Seller Financing Available
Profitable- Turn-key -Food Distribution
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Asking Price: $350,000

Cash Flow: $235,000

Gross Revenue: $1,200,000

EBITDA: N/A

FF&E: N/A

Inventory: $65,000*

Rent: $2,025 /Month

Established: 1994

*not included in asking price.

Profitable- Turn-key -Food Distribution

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Business Description

Vegan Food Distribution Company. Easy to operate and must be sold now. 24 years under current owner in operation for 25 years.

2018 Gross Sales $1.2M+/ 2018 Adjusted Net: $235K+/

111+/ customers and 5 major vendors.

Specializing in Vegan Foods distribution to restaurants in LA, SFV and Orange counties

1 FT Driver and one on- call PT stock worker.

Sellers work VERY PT- 3 days; 10am-1 or 2pm.

No website/ no advertising or marketing ever in 24 years.

2017 newer refer van and 1 box truck with high mileage and no working refer and 1 older high mileage van included in the sale.

1 year lease is in place. 2000+/ sq. ft rent is $2025, long term lease possible.

The company lost 2 large customers in December. Gross sales and net earnings will be less for 2019 without the addition of any new customers.
The sole reason for the sale; the Seller has just been diagnosed with a serious
(and very real) health condition. The business is priced to sell now. Books and records available to qualified buyers. Some limited Seller finance is possible to qualified buyer.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
11/30/2019
Employees:
1ft 1 pt
Facilities:
2000 Sq. ft+/ of office and refrigerated space, 3 walk in freezers and 2 walk in refrigerators. I freezer is large enough for the forklift to drive into and is very new. Nice front office space and easy secured parking.
Competition:
Food distribution is a competitive field. This business has been going under the same owners for 24 years with zero advertising or marketing effort.
Growth & Expansion:
Many possible ways to grow and expand.
Financing:
Some limited Seller finance possible to qualified Buyer.
Support & Training:
4 weeks for 20 hours per week or as negotiated.
Reason for Selling:
Serious Health diagnosis
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Contact the Seller

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Brenda Bernhard, CBB

Business Listed By:
Brenda Bernhard,CBB

Strong Business Advisors

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