Business Overview
About the Company
Established for more than 30 years as a wholesale distributor of Ice Cream products (about 95% of sales) and manufacturer (5% of sales). They currently operate in 43,000 square foot temperature-controlled facility with blast freezers on a lot size of 76,000 square foot with plenty of parking for its delivery trucks (it is optional to buy/lease the building as well). It serves a diverse customer base of 70 wholesalers representing 60% of its revenue and 2,500 retailers representing 40% of its revenue. They are one of the top 3 wholesale distributors within its product lines in Southern California. Total number of employees is 90 professionals (average tenure over 10 years).
The owner will stay with the new buyers to ensure a smooth transition after the close of the transaction for a period of time to be agreed between them. The building is also for sale or you can lease it. The owner is retiring. Please inquire by email from this website.
2022 Gross $46,484,760 EBITDA $2,704,690 Plus $300,000 officer Salary
2021 Gross $36,139,754 EBITDA $2,011,978 Plus $300,000 officer Salary
2020 Gross $31,924,484 EBITDA $2,681,264 Plus $300,000 officer Salary
Capacity: 43K sq. ft facility on 76K sq. ft lot (fully owned by owners)
*22K sq. ft +/-of -15 (or colder) qualified frozen cold storage
*1,800 pallets fully stacked rack capacity w/ four big trailer docking stations
*Currently operating at less than 60% capacity (opportunity for growth)
*Core competency: Direct Store Delivery (DSD) to wholesalers & retailers
*Delivery within 24 to 48 hours (covering 56K sq. miles)
*Timing of delivery around customer hours of operations
Annual rent: $630,000
Balance sheet as of December 31st, 2022
Current assets: $6,889,680 includes $3,500,000 of salable inventory & $1,000,000 in accounts receivables
Current liability: $1,107,718
Long term liability: $45,000
Total assets: $7,853,151
Total equity: $6,789,971
Inventory is not included in the purchase price.
To get more information about this Food Wholesaler Distributor - Well Established business for sale in Los Angeles please phone Siavosh Ardalan (Broker - BRE License #:01067058) at 714-858-0507 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #280534 on BizBen.com. In addition to phoning Siavosh Ardalan, make sure you email Siavosh Ardalan above to get more info about this Food Wholesaler Distributor - Well Established, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01067058. Red Hot Properties.
