WHSL Food Distribution For Sale

Business description

Company is involved in the wholesale distribution of food products to chain grocery stores and independents in south Alabama, south Mississippi and the Florida panhandle. Products include branded meat products (35%), branded spices (15%) and dry and cooled storage of cheeses, condiments, etc. (50%). There are over 50 active accounts with approximately three of these creating 25% of the total revenue.
Company has a contract with a public school system and a major big chain (like a Wal-Mart or Bruno’s).

Property information

Real Estate:

Real Property Included

Location:

40,000 sq ft of warehouse and office space, which includes 8,000 sq ft of freezer space storage space and 5,000 sq ft of cooler space on approx. three acres of land. An additional three acres of undeveloped land available for expansion. Owner prefers to sell the real estate with the business, but will consider a lease and/or lease-to-purchase. Fair-market value of the real estate is $1,200,000.

Other information

Support & training:

Available

Reasons for selling:

Retirement

Financing available:

Negotiable

Furniture / Fixtures value:

$60,000 (included in the asking price)

Inventory / Stock value:

$125,000 (included in the asking price)