Profitable Spice Distributor for Sale in NY
| Asking Price: | $1,050,000 |
| Gross Revenue: | $875,000 |
| Established Year: | 1996 |
| Cash Flow: | $257,000 |
| FF&E: | $200,000 |
LISTING ID # 35463
Long established (30 years) International Spice Distributor. Finds common, unique and hard to find international spices, and flavors for most New York chefs and their restaurants- Fresh Direct, Chef Warehouse, Fresh and Co. (100 stores), Hi End Supermarkets and Chains with hundreds of stores, and many others. 1/3 retail online sales to customer, 1/3 Wholesale to business, 1/3 web through major online retailers, (all increasing) etc. Newly licensed in Canada, England and Singapore. 2 Trucks, Kosher Certification. This company survived the devastation of the restaurant industry during Covid and has come back with proprietary blends with high margins on many of its over 1000 Proprietary Blends asked for on a regular basis. Does private label programs. Buyer can expand spice gift and gourmet baskets. Owner will stay up to one year. Good Social Media. No trade shows or trade magazines. Amazing net net margins of 30%. Proof of funds of $1m and background in food or the food distribution industry is required.
