Established in 2017, this PACA-licensed wholesale produce distributor sources
tropical fruits, roots, herbs, and specialty vegetables from a diversified South
Florida grower network and delivers twice weekly to active independent grocery,
supermarket, and wholesale accounts across the Northeast I-95 corridor. Revenue
has grown from $4.3M to $9.
0M over the past two years, with gross margin
expanding meaningfully over the same period, and the business is currently
operating at an approximate $9.6M annualized run rate. The model is asset-light:
product is purchased against confirmed customer orders, which holds inventory
shrink below 0.
15% of revenue and keeps working capital requirements low. The
company operates from a leased 17,500 sq. ft.
refrigerated facility with
capacity well ahead of current volume, and holds current PrimusGFS audit
certification and FDA facility registration. Owner is retiring and will provide
an extended 12–18 month transition; seller financing and rollover equity are
open for discussion. Significant untapped growth in local food service, corridor
expansion, and industry consolidation.
SBA financing package prepared.