Description About This Posting: Ethnic Food Importer Retailer And Wholesaler
Ethnic food importer, retailer & wholesale distributor to north america
Asking: not disclosed
Annual gross revenue: 10,312,000
Annual net cash flow: $753,740
Furniture, fixtures & equipment: $80,000 (included in price)
Inventory: $1,098,293 (not included in price)
Summary: this is a 35-year-old importer/distributor of specialty foods from the s. Pacific, asia and latin america, selling through its retail store and also its extensive wholesale network, consistently generating over $10m annually and $750,000+ in profits.
In the united states and canada there is a growing ethnic population along with regular consumers raised on the food network demanding more ethnic foods. Most big grocery stores don't carry many of these ethnic food products. This company caters to this demand with their own market in the bay area and a wholesale distribution network that covers both the united states and canada.
This company has a well-earned reputation for providing excellent service with integrity and has successfully sustained long-term business relationships with its loyal customers and vendors. Many of the business' relationships extend back to when the company opened, 35 years ago.
It started with just its bay area retail store and eventually expanded into wholesale distribution throughout n. America. Of its $10 million in annual sales, about 15% are from its retail store and 85% from its wholesale business. The products it sells include canned meats and seafood, spaghetti/baked beans/sauces, candies/cookies/crackers/biscuits, as well as produce and frozen meats, poultry and seafood. These products are imported from many countries around the world, such as australia, new zealand, fiji and latin america.
The company buys ocean container and truck loads of these products and has them shipped from these countries, sometimes directly from the foreign manufacturers to its customers, including sub-distributors, in many u.s. States and canada. The company's bay area grocery store not only sells to its retail customers but also sells and trucks wholesale to many other retail stores in n. California and beyond.
Besides selling brands well-known in the countries from which the company imports, it also sells its own trademarked, private label brands that have become very popular with its customers.
consistent revenues over past five years and very profitable
strong relationships with sub-distributors across the country
strong relationships with suppliers from source countries
long lasting relationships within the supply chain including u. S. Customs and food regulatory agencies
the business holds a strong position in the market with its own trade-marked brands
brand recognition in many u.s. States and canada
Location: san francisco bay area
Facilities: the business leases a 12,000 square foot facility with retail and ample warehouse space and a large parking lot easily able to accommodate not only retail customers but also delivery trucks. The seller owns the property and leases it back to the business. Equipment at the facility includes delivery trucks, forklifts, pallet jacks, scales, walk-in refrigerators and freezers, etc.
Growth and expansion: the seller has done almost no marketing, relying primarily on repeat business from its loyal customer base and referrals from those customers. Much could be done to market to new customers. And because this company has been operated in a very 'old school' low-tech way, a new owner could introduce up-to-date, cost-effective technology for marketing and to make operations more efficient, setting the stage for significant further growth. Another opportunity for a new business owner would be to expand the product offerings by leveraging the business' existing network of shops and sub-distributors across the country with its current products and bringing on new ones that these customers will also enjoy. Direct to consumer through the internet may be another opportunity for growing the business.
Support/training: the seller will provide the necessary training and introductions so as to facilitate a smooth transition of the ownership and operations of the company.
Financing: while an all-cash deal is much preferred, the seller may be willing to provide some seller financing for a well-qualified buyer making a very strong offer that includes a substantial down payment.
Contact: bill mitchell
To get more information about this Ethnic Food Importer Retailer And Wholesaler business for sale in
San Francisco Bay Area please phone William Mitchell (Broker - BRE License #:01898324) at 510-523-0232 and 415-565-0232 - if you get
voicemail please leave a detailed message - make sure you mention you
saw this posting/ad #252773 on BizBen.com. In addition to phoning
William Mitchell, make sure you email William Mitchell above to get more info about this
Ethnic Food Importer Retailer And Wholesaler, to ask any questions or request an appointment to see this
business for sale, franchise, or opportunity. Thank you.
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