Business Sale price: $14m Annual Sales: $95-100mil Annual Net profits: $5.5m An industry leader in the distribution of beverages, candy, cigarettes, and tobacco, this business has an extremely impressive distribution network offering various products to over 1100 retail and wholesale customers, including small grocery stores, convenience stores, and delis. The business is owned by two partners.
The business boasts an outstanding reputation of providing wholesale products throughout the Northeast and beyond. Their name is deep-rooted in communities in the tri-state area, and is sought after for its fair pricing, ability to deliver, and its walk-in “cash and carry” services. Their recurring revenue stream has provided this business with consistently strong earnings YOY.
Key Highlights Company is rated AAA by its suppliers. Recurring sales. Its deep-rooted name in the marketplace and communities has established recurring revenue streams both through its distribution and its cash and carry services.
The business’ well-run facility generates its revenue with only 16 employees, operating out of its 50,000SF warehouse that is situated in a prime A+ location that is extremely convenient to all major roadways, bridges and tunnels. The multiple docks and ample parking lot make it ideal for loading and unloading. The historical numbers will support average sales volume of $95-100mil consistently.
Management and Employees Two partners run the entire operation and facility, with the assistance of 1 company controller and approximately 16 employees. The business is housed in a 50,000 SF warehouse building that has been updated to include LED lighting throughout, along with 18-foot clearance, multiple loading docks, climate control, ample office space and bathrooms. The building is owned by the sellers, and they will provide a suitable 10 year lease with renewal options.
Seller will provide a period of training to buyer, along with assistance in transitioning current employees over to new management. Requirements prior to disclosure of any information: proof of funds, LOI.