Sold
Food Distribution
This is a great opportunity to own a well established specialty food distributor serving St. Louis and Kansas City. They are the top wholesale company in their specialty in the markets they serve. They have built a great reputation for quality and service in 30 years of doing business.
Listed By: Mike Kendall
Background information
Reference:
0071
Year established:
1992
Reason selling:
Owner is retiring.
Finance
Sales:
$10,762,868
Profits:
$512,874
Profit type:
Discretionary Earnings
Operations
Employees:
21
Inventory:
Approximately $450,000 with some seasonality to the business.
Premises
Square footage:
24000
Rent and lease terms:
There are two facilities. The St. Louis facility is 9000 sf in total with a combination of office and warehouse. The lease is 5 years with extension options and is currently at $5000/month. The Kansas City facility lease expires in a year and the business has identified a new location and is finalizing a 5 year lease with extension options. The current facility is 15000 sf and rents for $7200/month.
Location:
St. Louis & Kansas City Missouri
Opportunities
Growth:
This business had a significant competitor that has gone out of business and those sales should transition to them throughout 2022. Additional marketing and sales activities could also greatly expand this business.
Market:
For fresh food they dominate both markets with limited competition. For frozen and packaged options, they do compete with some of the larger grocery distributors.
Price and terms
Price:
$2,100,000
Down payment:
$210,000
Financing:
SBA Approved
Training:
Seller will train 30 days at no cost. Up to 6 months at an agreed upon consulting agreement.