Business Summary:
This 30-year-old company buys from manufacturers and delivers to its restaurant customers. Products include, but are not limited to: frozen meats, vegetables, fruits, produce, grains, spices, beverages, paper products (e.g. take-out boxes), plastic utensils, etc. The company’s 5 trucks make weekly deliveries to (mostly Asian) restaurants throughout the San Francisco Bay Area.
Although the company took a big hit from the recession in 2008 and first-half 2009, with a number of its customers closing down, the business has now been stabilized and will be profitable again in 2009. Profitability can be improved immediately by trimming the work force to reflect reduced sales. Cantonese language skills would be advantageous for a buyer.
The Real Estate is available for purchase for an additional $1.495MM. Buyer is required to either buyer the real estate or rent from the seller.
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