Drastically Reduced! Wholesale Importer/Distributor of Produce

Listing Number: 6842-312442

Description

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.

Listing Details

  • Price: $3,500,000
  • Down Payment: $1,750,000
  • Sellers Discretionary Earnings: $1,795,431
  • Total Sales: $24,784,417
  • Location: Bronx County, New York

  • Inventory: $373,117
  • FF&E: $81,649
  • Employees: 85
  • Year Established: 2004
  • Reason for Selling: Returning to Home Country to Raise Family
  • Category: Distribution
Drastically Reduced! Wholesale Importer/Distributor of Produce

Contact Agent:

Thomas R Milana, P.A. CBI
Want to save this listing? Sign Up Now