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Profitable Spice Distributor In New York For Sale

New York, US
Asking Price:
$1,050,000
Sales Revenue:
$875,000
Cash Flow:
$257,000

Long-established (30 years) international spice distributor. Find 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), high-end supermarkets and chains with hundreds of stores, and many others. 1/3 retail online sales to customers, 1/3 wholesale to businesses, 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. Buyers can expand spice gift and gourmet baskets. The owner will stay for up to one year. Good social media. There are no trade shows or trade magazines.

Amazing net margins of 30%. Proof of funds of $1m and background in food or the food distribution industry is required.

Business Operation

Reasons for selling:

Health issues

Employees:
3 FT/1 PT
Years established:
28

Other Information

Support & training:

Seller will train

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

700,000.00 Down & $350k for 3 years at 6%

Furniture / Fixtures value:
$200,000
Relocatable:
This business can be relocated.