MAJOR WHOLESALE GROCERY BUSINESS FOR SALE
(WHOLESALE FOOD, WHOLESALE GROCERY)
BRONX, NEW YORK
Listed Price: $ 13,000,000
Listing ID: XCNY333061
Listing DetailsGross Revenue: $ 34,441,952
Cash Flow: $ 2,048,042
FFE: $ 200,000 (Included in Price)
Inventory: $ 3,000,000
Form of Ownership: C Corp
Terms and Conditions: NEGOTIABLE
Reason for Sale:
RETIREMENT
Training & Support:
SELLER WILL COMPLETELY TRAIN
Listing SummaryBusiness Description:
INCREDIBLE CASH AND CARRY DISTRIBUTION BUSINESS FOR SALE… Established 23 years ago the proprietors have grown this small business exponentially.
Their core clientele are owners of supermarkets. convenience stores, bodegas, and other small stores.
The 28,000 square foot warehouse is well organized and filled from floor to ceiling.
The$3,000,000 of inventory includes a wide assortment of non-perishable food items, over the counter drugs, beauty aids and other dry goods. In all they stock over 6,000 different items that are routinely purchased by their loyal customer base who come from all over the region.
This company carries many items that no other competitor has.
All the items are bar-coded and all purchases are recorded on the POS system.
In addition the facility is monitored by security camera to prevent theft.
The company owns 3 trucks that are used for deliveries.
This Company Sales are focused in the following categories-
Health
- Beauty
- Candy
- Grocery
- Paper Goods
The Company recently added cold non-perishable items such as Cheese, Ham and Salami for example.
ALL SALES ARE RECORDED AND ON THE BOOKS.
Historical Summary:
This Company has been built over the last two decades at a steady pace due to managements focus on constantly delivering a positive experience to their customer base.
Owner Qualifications:
General business experience. Distribution and purchasing experience a plus. Spanish language knowledge helpful!
Competition:
A true leader in its market catering to the ethnic markets on items that no other competitor sells.
This company also imports specialty items that they have alone.
Potential Growth:
Potential Growth: Growth can be attained by adding product lines and salesman to target markets that are underserved and by continuing to grow and add proprietary imported items.
LocationOption: YES
Lease Security: 42000
Monthly Rent: $ 21,000
Square Footage: 28000
Type of Location: Stand Alone
Facilities:
FULLY OUTFITTED 28,000 SQUARE FOOT WAREHOUSE WITH 6,000 FOOT PARKING LOT.
ADDITIONAL STORAGE AVAILABLE OUTSIDE ON PREMESIS.
After years year of trying to locate a larger facility in the area the business is moving into a new 50,0000’ SF faculty. This will enable tremendous future growth in the future.
THE FACILITY IS MONITORED BY A SECURITY CAMERA SYSTEM AND THE COMPANY OWNS 3 DELIVERY TRUCKS
NEW 50,000 square foot facility now secured.
OperationYear Established: 1992
Days & Hours of Operation: M-F 7-5 SAT-7-3
Owner Hours: 40
Employees: 24
Managers: 2
Absentee Owner: No