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Listed by:

Transworld Business Brokers

Wholesale Importer With Distributor Of Produce For Sale

New York City, New York, US
Asking Price:
$3,500,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$24,784,417
Cash Flow:
$1,795,431

Drastically Reduced! Wholesale Importer/Distributor of Produce

One of the leading distributors of fresh produce in the NY area with robust produce industry gross margins of 26% in 2019. However, since listing the company for sale, and the ensuing onset of Covid-19, the company has struggled to maintain sales levels, has experienced increased spoilage of perishable product and has suffered due to abrupt changes in family member executive management. At this juncture, the company feels new ownership and an immediate infusion of needed capital would get the business back on its feet and allow it to resume lucrative growth initiatives. The company is therefore considering all offers.

Property Information

Location:

Production, warehouse and main offices

Premises Details:

For 15 years this company has provided quality and exceptional service to become a leading distributor of produce in the NY area. The Company consistently delivers high quality customer service and is a trusted partner to vendors and customers.

Business Operation

Expansion Potential:

Major initiatives include significant growth in both the Direct-to-Retail and the Organic category. The growth potential in the Company's new Organic Initiative relies on a full plan from natural fertility of a farm, crop rotation, companion planting, biological pest control and naturally sourced fertilizers. These new organic product launches open entirely new markets in both Wholesale and Retail, and answers public demand.

Competition / Market:

This Company is a leading importer/distributor in the Tri-State area. Direct competitors in the same business are smaller and are not NY based. This Company's aggressive competitive foray into new products, Organic, and Direct-To-Retail provides a new owner with the next steps to more success. The Seller has agreed to a Worldwide Non-compete and is amenable to be a consultant to the new Buyer.

Reasons for selling:

relocating

Trading hours:

MF 6:30AM-5PM

Employees:
85
Years established:
2004

Other Information

Support & training:

4 weeks

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

1750000.00

Furniture / Fixtures value:
$81,648 - included in the asking price
Inventory / Stock value:
$373,116 - included in the asking price

Contact Information

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