Growing Food Gift Business Set for New Owner to Prosper

Listing Number: 3233-588655

Description

A well-known and very well established Chicagoland food gift distributor has laid a strong foundation for its new owners to continue to prosper.

The owners have designed a turnkey operation that includes manufacturing, distribution and attractive gift baskets for all to enjoy.

Key Investment Highlights:

* Company has delivered top line revenue and bottom line profitability since introducing its new expanding distribution model in 2019.
* 2021 revenues up over 7% from 2020 and up by 80% from 2019.
* 2021 seller's discretionary earnings up three-fold from 2019.
* Food gift items include baked goods and fruit; since introducing its fruit line two years ago that has now grown to over 50% of its revenue stream.
* Items can be purchased at any one of its 4 Chicagoland stores or same day local delivery to the front door.
* Seamless process in place with call center that integrates impeccable delivery service (15 drivers) to its 6 county delivery area.
* Flowers - both in store and delivery - to be added to its gift items in the very near future.

Listing Details

• Price: $ 3,500,000
• Down Payment: $3,000,000
• Sellers Discretionary Earnings: $ 548,237
• Total Sales: $ 3,426,028
• Location: Illinois


• Inventory: $ 16,700
• FF&E: $ 165,304
• Employees: 68
• Year Established: 1983
• Reason for Selling: Pursuing other interests.
• Category: Food Business Retail