Price: $100,000 – Weekly Profit: $1,800
The buyer would need additional capital to cover the receivables, remaining inventory, new inventory, and the security deposit for the warehouse. Estimated at $40,000
The owner of this business is a third party wholesaler for a variety of snack and food products including Hostess, Daisy’s, Joey’s, 7 Days, Frito-Lay, Liden’s, Nabisco and many other popular brands/products. These are great products to resell due to their long shelf life.
The owner’s warehouse is located in Farmingdale and he currently has approximately 25 “customers” that purchase and resell his products. Those individuals are independent contractors and not employees.
Those individuals service all kinds of accounts from 7 Elevens, gas stations, delis, bodegas, train stations, cafeterias, schools, vending machines and more.
The current owner’s primary responsibility is to run the warehouse. He unloads trucks and receives inventory as the product comes in, breaks down pallets and pulls orders. The owner estimates that 15 pallets of product come in each week and then he picks up product from one nearby location.
There are two customers that the owner delivers to on alternating weeks. One is upstate and the other is in Queens. The current owner estimates that they work 4-6 hours per day.
The owner does handle all accounts receivable/accounting. Most of the larger distributors are on Net 7 terms. Everyone else pays cash on delivery. An average week sales is about $20,000 and the owner works on 10-15% margin across the board.
Rent is $1,450 per month. Gas, electric, phone, internet and insurance is $400 per month. There are no employees unless the owner pays himself a salary.
2019 sales were $1.1 million with a net profit of $96,000 to the business.
The owner would be including a 2012 Nissan NV2500 Cargo Van, a Yale Forklift along with all the other warehouse/office fixtures and equipment: pallet jack, u-boats, desk, computer, printer, etc.
Please email Jay@TheRouteExchange.com today for more information
