Wholesaler and Distributor of Food Products
Location: New Jersey > Essex County
Industry: Wholesale and Distribution > Wholesale and Distributors
Financials
Asking Price: $1,700,000
Gross Revenue: $4,350,000
Cash Flow: $427,000
FF&E: $425,000 (Included in Asking Price)
Seller Financing: Available to the right buyer
Business Summary
Well established New Jersey based Mobile Catering Food Wholesaler and Distributor. Loyal and long term client base consists of 85 mobile catering trucks and 35 delivery accounts. Customers buy on a daily basis. No account represents more than 2% of the total annual revenue of the company - eliminating any dependency of the company on any one account. Business is successful in purchasing the merchandise from an assortment of 100 suppliers, at excellent prices, and providing its customers reliable service at competitive, yet profitable margins. Company is a member of a national purchasing cooperative. Workforce consists of 20 employees. Business operates out of a 60,000 sqft facility including a 19,000 sqft building, indoor and outdoor parking, over 4,000 sqft warehouse, 5,000 sqft kitchen, a 1,500 sqft office space, and a gas propane tank, all conveniently located in a commercial space in central NJ.
About the Business
Year Established: 2001
Employees: 20 full time -
About the Sale
Management Training and Support: Seller will stay for up to one year
Reason For Selling: Other business ventures
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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