Wholesale distribution of foods and supplies
Business Description
Turnaround Opportunity: After weathering the Covid economical down turn in the food/restaurant industry, the two family member owners of this 3-family member ownership are not active, necessitating sale of the business. The managing owner and his son wish to remain with the business, retaining a partial ownership. Consequently, with $24,000,000+/- in sales and $8,514,811+/- in net assets (including real estate) this is offered for an immediate reduced price of only $5,500,000.
About the Business
- Years in Operation
- 93
- Number of Employees
- 54
- Facilities & Assets
- 2 storage and shipping facilities in 2 locations.
- Market Outlook / Competition
- Excellent reputation through 4 generations! This turnaround/sale is caused by the salaries, benefits & non-production of the 2 leaving family owners pulling down sales and profits! The replacement of these 2 owners will provide growth in their current region and expansion state wide.
- Opportunities for Growth
- Currently regional operation that needs to go state wide and beyond.
Real Estate
- Owned or Leased
- Owned
- Included in asking price
About the Sale
- Seller Motivation
- Retirement of 2 partners...managing partner & son will stay with business.
- Transition Support
- Provided by Owner/Operator/Seller (and his son) who wishes to stay with the business
Listing Info
- ID
- 1516910
- Listing Views
- 3364
Listing ID: 1516910 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. See our full Terms of Use. Learn how to avoid scams.
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