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Institutional Food Distributor For Sale

Location  New Jersey,United States
Asking Price Range  $1.0M - $2.5M
Gross Revenues  $1683000
Net Profit / Cash Flow  $430000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  1992
Number of Employees  10 - 19
Inventory  $375,000 equipment & $5,000 inventory.
Relocatable  No
Number of Employees  10 - 19
Real Estate  Leased
Training  The seller will remain post closing for two months and supply a transitional period.
Reason for Sale  Relocating out of the area after many years of success in this food industry.
Description  Business to business commercial food Distribution Company which prepares and services a large volume of institutions throughout the New Jersey metropolitan area. This company has a gross yearly income of $1,683,000 and a consistent 25% mark up. The company delivers, prepared package ready to eat foods to various locations including medical institutions, the pharmaceutical industry and many other industries that require this service. This successful company is a full service off premise provider of everything from the highest quality, most innovative prepared foods to basic menus. The company also offers various equipment required for this industry such as tables, linens & equipment. The company has a wonderful reputation and also provides one-stop shopping for all of corporate, residential and specialty events. The business has an existing fifteen year commercial lease with a monthly rent of $4,220. Their client base is extensive and they are the leading food service provider for the pharmaceutical industry in much of the metropolitan NJ & NY area. The company also services personal events with 15 years experience in the off premise catering industry and provides every possible advantage to their clients. They can successfully cater all types of events as well as corporate dinners and fundraisers, weddings and other personal milestones and any menu can be designed for any event. Based on the purchase price and net income purchaser will obtain a 30% yearly return prior to debt service. The commercial facility consists of 2,500 square feet in a clean modern rented location and in an active business area. The facility is primarily a huge commercial kitchen with all the required accessories to conduct business. The space also has private offices, outdoor storage and a full basement. This commercial off premise caterer is located in northern New Jersey, Bergen County which consists of a huge population consisting of millions of residents.
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