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Wholesale Meat Distributor with High Cash Flow for sale in Nassau County, NY

Nassau County, New York (NY)

Asking Price: Gross: Cash Flow:
$ 1,495,000 $ 5,821,500 $ 442,900

Furniture and Fixtures Value:
$ 89,500 (included in the asking price)

Business Summary:
Lender Financing Pre-Qualified!! Only $149,500 down with Lender & Seller Financing for a qualified buyer!Established 1983, large recurring revenue. Wholesale meat distribution purveyor specializing in all types of meats and serving the New York City restaurant industry. Most customers are located in Manhattan, Brooklyn, Queens, Staten Island and Long Island. Maintains a wide variety of customers (40-50) to make up a diverse portfolio serviced through the use of five (5) company owned trucks. Customer concentration is not a factor with the top 3 customers only accounting for about 7% of total sales. The business has been in existence since 1983 and has a well-established, exceptional reputation and customer list. You'll notice in the financials that the business, like all NYC food service businesses had a sharp decline in revenue in 2020. This was 100% COVID related as a result of drastic shutdowns in NYC, especially in the restaurant industry which directly impacted this business' ability to sell meat products.While there was some lasting effects into 2021, business has mostly recovered and is approaching 2019 levels. Having been in business for so long, 2020 was merely an anomaly with many prior years financial strength to maintain this company's value.

 

   
Year Business was Established: 1983
   
Number of Employees: 4FT/0PT  
   
Facilities / Terms of Lease: LOW overhead! The business operates out of the owner's home and on the road with trucks stored at various lots for each driver to pick up daily. The product is purchased fresh at major NY area meat markets on a daily basis to ensure freshness.  
   
Potential Growth/Expansion: There is plenty of room for growth by increasing marketing and advertising as well as social media and establishing a website presence. Currently, the business thrives on word of mouth and its current customer base. Also, the business can be expanded by adding additional trucks and covering a larger geography, such as New Jersey and the Bronx.  
   
Competition: There is consistent demand for meat products in the market served by this customer. While competition is significant, the reputation and longevity of this business sets itself apart from others in the industry. Customer retention is excellent predicated on high quality, fair prices and reasonable terms.  
   
Owner willing to finance: $149,500 down / $299,000 Over 60 mos. @ 6%./Other Financing.  
   
Owner willing to train: Will train for 4 weeks @ $0 cost.  
   
Reason for selling: Owner is retiring, but will help transition for up to a month with additional time if needed with a consulting arrangement.  
   
This business is Home Based.  
   
Seller Reference Number: 3401-16614
BusinessMart.com Listing Number: 273651
 

 

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For more info contact:

Evelyn Correa

Murphy Business & Financial Services
727-725-7090

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