Location: Mount Vernon, NY
Industry: Wholesale and Distributors
Listing ID: 102221
Established in 1978, this wholesale food distribution business has route customers throughout Manhattan and in Queens, NY. It is a small-scale operation based in Mount Vernon, NY but can be relocated very easily. It is run by the owner on a part time basis with no employees but easily expanded with a renewed sales effort. Seller has run this business for the past 43 years and is ready to retire. Business is a great starting point for anybody looking to get into the wholesale distribution business or expand their existing business with another route.
The business caters to independent grocery markets & delis primarily. They offer a wide array of food products, frozen and fresh, available through various vendors. Delivery is made in a company owned International refrigerated truck. A Class B CDL license is needed to operate the truck.
The business has positive cash flow, a refrigerated truck in excellent condition, low rent office and secure parking with access to electric power. There are regular and well-established accounts and a lot of room to grow by switching to operating on a full-time basis.
This wholesale distribution business is being run by an active 80-year-old owner who has scaled back over the last couple years to run the business a part time basis. There is far more demand than he could meet on his own and while he doesn’t necessarily want to stop, he realizes he needs to plan to retire and is looking for someone to take over and grow it back to meet their own needs. Seller is motivated and negotiable.
• Price: $125,000
• Annual Cash Flow: $25,000
• Gross Revenue: $234,000
• Rent: $750
• FF&E: $20,000
Gross Revenue: $234,000
Cash Flow: $25,000
Reason For Sale:
Owner is planning for retirement and is looking for someone to take over and grow it back to meet their own needs. Seller is motivated and negotiable.
Training & Support:
Seller will train and support and ensure a smooth transition.
Year Established: 10550
Days & Hours of Operation: Open 3 Days
Employees: 1 FT
Monthly Rent: 750
Type of Location: Single Location.
Square Footage: 1000
A Class B CDL license is needed to operate trucks.
There is plenty of room for growth and development.