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Food Distribution Company |
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| Listing ID: DIST2 Southeast North Carolina |
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Specialty Wholesale Food Distributor servicing grocery stores and restaurants in North and South Carolina.
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| Listing Details | |
| Industry: | Meat and Meat Product Merchant Wholesalers |
| Title: | Food Distribution Company |
Listed Price: |
$1,800,000 |
Total Sales: |
$8,122,487 |
| Owner Cash Flow: | $351,757 |
Fixtures, Furniture & Equipment: |
$278,900 (Included in listed price) |
| Real Estate: | $428,000 (Included in listed price) |
Inventory: |
$100,000 (Included in listed price) |
| Financing / Terms: Seller will consider an appropriate component of owner financing based on overall offer terms. |
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| Reason for Sale: Retirement. |
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| Training & Support: This is a turn-key business equipped with all of the necessary management personnel to successfully operate the company. Seller is committed to a methodical transition covering all aspects of the business including comprehensive training and full transition of customer base. |
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| Executive Summary | |
| Business Description: Specialty food distributor servicing North and South Carolina. Successful and profitable business with multiple streams of income features: cold storage warehouse & office facility, same day delivery service via company owned refrigerated truck fleet, and factory direct relationships to national brand meat & poultry plants. Established base of loyal repeat grocery and restaurant customers in SE North Carolina & NE South Carolina. Separate retail operation in North Carolina enables company to maximize gross profit margins. Parallel logistics operation ships over $2mm in drygoods to diverse customer base. |
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| Historical Summary: Consistent year over year growth in both top line revenue and bottom line profits in addition to the number and size of customer orders. |
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| Owner Qualifications: This is a turn key operation equipped with an experienced and capable staff suitable for either an absentee owner, related business entity seeking to expand, or full time owner operator interested in maximizing returns on a dynamic company with a phenomenal platform for growth. |
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| Competition: This business has been extremely successful operating in a niche focusing on specialty wholesale food products. Indirect competition from "full service" broad line foodservice distributors. |
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| Potential for Growth: The Southeast Region continues to be the brightspot for growth in the US and this company is poised to benefit from the expanding markets in North and South Carolina. The BRAC (Base Realignment & Closing) initiative at neighboring Fort Bragg will bring over 40,000 new residents to the local market through 2011. In addition, the mild climate coupled with the low cost of living create a recipe that is generating an expanding customer base of retirees, lifestyle motivated movers and value oriented families. There are a number of logical and cost effective areas to grow and expand this business. Specifics will be disussed with qualified buyers. |
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| Operations | |
Year Established: |
1992 |
| Form of Ownership: | Sole Proprietorship |
| Absentee Owner: | YES |
| Days & Hours of Operation: | Monday to Friday 6am - 5pm |
| Number of Employees: | 13 FT |
Accounting System | Accountant |
| Location | |
| Type of Location: | Stand-alone |
| Square Footage: | 8000 |
| Facilities / Location Description: ~8,000sqft temp controlled building housing food storage with freezers & coolers, warehousing, & sales office. Centrally located on 4 acres of fenced land. |
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