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Wholesale Ice Distributor - over 100 Years

Bergen County, NJ

Seller Financing Available
Wholesale Ice Distributor - over 100 Years
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Asking Price: $305,000

Cash Flow: $136,864

Gross Revenue: $428,771

EBITDA: $136,864

FF&E: N/A

Inventory: $20,000*

Real Estate: $600,000*

Established: 1915

*not included in asking price.

Wholesale Ice Distributor - over 100 Years

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Business Description

This business enjoys a renown reputation for efficiency, quality and reliable customer service. For over 100 years, the company supplies ice to local restaurants, liquor stores and bars. Revenue breakdown: 1/3 delivery route to bars/restaurants/liquor stores; 1/3 walk ins; 1/3 wholesale. Please contact TBC Business Brokers for more information at tbcpearl@aol.com

Detailed Information

Location:
Bergen County, NJ
Inventory:
Not included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
4,800
Employees:
2 FT; 3 PT
Facilities:
Equipment, valued at $645,000 (NOT included in the asking price): 10-ton ice makers (2), screw conveyor, bag machine, bin to hold ice, tie machine (2), freezers (50), refrigerated trucks (3) and a van. Equipment can be purchased in a number of ways including a lease/purchase. If the buyer is interested in both the business and the real estate, then rent expense would be removed and replaced by real estate tax, resulting in an adjusted profit of $198,516.
Growth & Expansion:
Owner does very little prospecting, has no website, and has no active social media campaign. The new owner should employ these measures.
Financing:
Some seller financing available to qualified buyers
Support & Training:
Owner will train and assist in a smooth transition.
Reason for Selling:
Owner is relocating
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Philip Pearl, CPA

Business Listed By:
Philip Pearl

TBC Business Brokers

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