Profitable Spice Distributor for Sale in NY - 35463

Financing

$700,000 Down and $350k for 3 years at 6%

Business Description

Long established (30 years) International Spice Distributor. Finds common, unique and hard to find international spices, and flavors for most New York chefs and their restaurants- Fresh Direct, Chef Warehouse, Fresh and Co. (100 stores), Hi End Supermarkets and Chains with hundreds of stores, and many others. 1/3 retail online sales to customer, 1/3 Wholesale to business, 1/3 web through major online retailers, (all increasing) etc. Newly licensed in Canada, England and Singapore. 2 Trucks, Kosher Certification. This company survived the devastation of the restaurant industry during Covid and has come back with proprietary blends with high margins on many of its over 1000 Proprietary Blends asked for on a regular basis. Does private label programs. Buyer can expand spice gift and gourmet baskets. Owner will stay up to one year. Good Social Media. No trade shows or trade magazines. Amazing net net margins of 30%. Proof of funds of $1m and background in food or the food distribution industry is required. Contact broker Joseph Stansky at 631-383-3109 for more details.

In addition, please register with the listing number above by going to vestedbb.com, enter this number into the search bar, expand the listing, click on “view free financials”, fill out the short contact form and you are registered. This is our electronic non-disclosure agreement.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

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.