Asian Produce Distribution High End Product with Elite Clientele!

Location: California, United States
Category: Wholesale and Distribution
Type: Established

Financials

Asking Price: $320,000
Cash flow: $130,641
Revenue: Not Disclosed
Gross Income: $2,930,076
Inventory: $5,000 - Included in the Asking Price
FF&E $200,662 - Included in the Asking Price
Real Estate: Not Disclosed

Business Details

This Asian produce distribution firm, centered in Downtown Los Angeles, has supplied top quality fruits and vegetables (grown locally) to 76 of Los Angeles s top restaurants over the past 20 years. With client s including a famous high-end restaurant chain, as well as an Asian Grocery store, this firm prides itself in delivering quality product with excellent customer service. To maintain such service levels, current ownership has never engaged in advertising, and turns down clients who seek to see the operation grow. The firm employs 9 persons and maintains operating hours from 3:30 am to 1 pm. This firm comes complete with fully documented financial statements which tie to the tax returns. As such, this business will likely qualify for conventional financing.

Facilities:
This business is located in a 4,000 warehouse with 500 sq. ft. of parking located in Downtown Los Angeles (monthly rent of $3,140). The sale comes complete with 5 late model 14 15 Box Vans (paid off in sale), forklifts, pallet jacks, a refrigerator, as well as all of the furniture, fixtures, and equipment necessary to smoothly run or grow the operation.

Financing:
Owner May Consider a Small Carry if Secured

Support:
Owner will train for 4 weeks, at 30 hours per week at no additional cost.

Competition:
Competition among produce distributors is relatively high however, this firm has established itself as a top quality supplier to Asian restaurants. It has a stellar reputation and a coveted client list.

Growth:
The owner has consciously decided to not grow the operation so as to maintain top customer service and quality control. The marketplace regularly seeks this firm s services, but management chooses to not expand. As such, this firm does not engage in active marketing activities and never has.

General Information

Reason Selling: Retirement

Number of Employees: 9
Year Established: 1985