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Asking Price$250,000
Revenue$2,609,000 Established1999
Cash Flow$150,000 Employees5 full-time
FF&E$125,000* FranchiseNo
Inventory$175,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Wonderful business opportunity for this long standing and highly successful food distribution company located in Central New Jersey, in the city of Lakewood. The sale is due to the owner’s recent death and the family has elected to market the company based on a very aggressive selling price. The company has a vast number of retail clients in Central New Jersey that they consistently supply various food products to as a wholesaler. The business has a yearly gross income of $2,609,000 and a consistent net income to the owner operator. For Qualifications purposes, this industry does not require government licensing approval to purchase or operate other than the standard municipal licenses. This wholesale distribution company routinely has five full / part time employees who are unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $10,000 based on several factors. This business transaction will offer a new commercial lease which will expire 2023-01-01, plus additional options, with a monthly rent of $7,085, cost per square foot is estimated at $3.45, and rent security of approximately $10,000. Additionally, the sale will offer an option to purchase the real estate. This wholesale company is in a free stranding commercial facility, which is located on a convenient county road, and consists of approximately 25,000 square feet. The business fixed assets has an estimated value of approximately $125,000 which is based on equipment and licensing replacement cost. This transaction consists of a fully equipped non-retail wholesale company, which includes, vehicles, required licenses, displays, refrigeration, shelving, POS system, tables, computers, software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The facility has appropriate private parking on site as part of the commercial lease. This successful wholesale company is active six days per week, with hours from 6:00 am to 4:00 pm. The sale includes all required documentation including a certificate of occupancy from the local municipality and the required state or city licenses to conduct its day to day business. The business has been valued / priced at $250,000 which is based on a multiple of the net yearly income and includes the value of the specific business assets. Also, seller / bank financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.
Facilities:This food distribution company facility which consist of approximately 25,000 square feet has a modern professional appearance. The business consists of a free-standing building of which is owned by the company and is available to purchase. This opportunity is in central New Jersey, Ocean County, and their customers is within a fifty-mile radius.
Competition:Regarding competition, other wholesale companies exist, however this is not a retail business and due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner’s family has agreed to supply an appropriate non-compete agreement to the purchaser.
Growth Potential:The business presently has a no marketing plan, no local advertising, no web site and if improved can further develop the business yearly gross sales.
Training/Support:The owner seller will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.
Seller Financing:Seller financing is available to a qualified buyer with an appropriate down payment.
Sale Reason:The sale has been arranged by the owner’s family due to his sudden recent death.
Ad #101882
Seller Reference #DIST197
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
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