Food Importer - 22099 Business Type: wholesale/dist businesses,misc. wholesale/distribution/non-classifiable
Acted as the Advisor to the Deal
Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $950,000 | Down Payment | $850,000 |
| Gross Revenues | $1,566,825 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $269,072 | Number of FT Employees | Register Free to View |
Financing
$850,000 Down and 100,000 6% two years
Business Description
High Profit Margins Sweeten the Deal on this Confection Import Business Food Importer with a Nationwide Reputation for Quality is on the Market This wholesaler of Italian confections has perfected a specialized niche of the imported epicurean food market over the last 3-plus decades by paying diligent attention to the quality of the products they carry. Through regular site visits to manufacturers in Italy, this family- run business has put together a carefully planned catalog of 75 of the most desirable cookie, confection and biscuit products available to distributors. Focusing exclusively on wholesale distribution, this company has clients stretching from coast to coast and maintains a national reputation as being the most selective and trustworthy confection importer in the United States. The catalog items are noteworthy not only for quality, but also for their extended shelf life and their favorable gross profit ratios. With operations that have grown steadily over a 34 year history, this importer is currently utilizing all 11,000 square feet in its warehouse, with zero to minimal waste. In a desire to retire from day to day management duties, the 72 year-old proprietor is open to contributing his valued expertise as a contract employee after a change of hands. With a valid but underused retail license, the potential for developing retail opportunities is endless.
Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.
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