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Broker Name:Lisiten Associates
Broker Email:ron@bbpinc.com
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MAJOR WHOLESALE GROCERY BUSINESS FOR SALE
(Distribution/Wholesale, General Distribution/Wholesale, Distribution/Wholesale, Grocery Products/Full Line; Food Related; Food Related, Food Processing/Dist)
Bronx, New York
Listed Price: $ 8,400,000
Listing ID: XC7770404

Listing DetailsDown Payment: $ 5,000,000
Gross Revenue: $ 26,000,000
Cash Flow: $ 1,700,000
FFE: $ 200,000 (Included in Price)
Inventory: $ 2,600,000 (Included in Price)
Form of Ownership: C Corp
Reason for Sale:

RETIREMENT


Training & Support:

SELLER WILL COMPLETELY TRAIN


Listing SummaryBusiness Description:

INCREDIBLE CASH AND CARRY DISTRIBUTION BUSINESS FOR SALE.. Established almost 22 years ago the proprietors have grown this small business exponentially. Their core clientele are owner 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 $2,600,000 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 6000 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 deliveries.
ALL SALES ARE RECORDED AND ON THE BOOKS.


Historical Summary:

Historical Summary
This small company has been built up 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:

Owner Qualifications
General business experience. Distribution and purchasing experience a plus . 
Spanish language knowledge helpful


Competition:

A leader in its market catering to ethnic markets on items that no other competitor sells and Imports specialty items the they have alone.


Potential Growth:

Growth can be attained by adding product lines and salesmen to target markets that are underserved and by adding to Imports.


Financing/Terms:

$5M DOWN AND SELLER WILL FINANCE THE BALANCE


LocationLease Expire: 0000-00-00
Option: 5 YEARS
Lease Security: 42000
Monthly Rent: $ 20,973
Square Footage: 28000
Type of Location: Stand Alone
Facilities:

FULLY OUTFITTED 28,000 SQUARE FOOT WAREHOUSE WITH A 6,000 FT PARKING LOT. THE FACILITY IS MONITORED BY A SECURITY CAMERA SYSTEM AND THE COMPANY OWNS 3 DELIVERY TRUCKS.


OperationYear Established: 1992
Days & Hours of Operation: M-F 7-5 SAT 7-3
Owner Hours: 40
Non-owner Payroll: $ 250,000
Employees: Full Time: 14
Managers: 1
Absentee Owner: No