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Ice cream wholesale distributor 30+ years-Building 4 sale optional

Los Angeles, California
Wholesale business
Company Data
Price
$13.5M
6%
Revenue
$46.5M
Top 10%
Profit
$3.0M
5X
Business Overview
About the Company
The Company is well-established for more than 30 years as a wholesale distributor of frozen food and desert products (about 95% of sales) and manufacture (5% of sales) operating 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 (optional is building for sale too). Serving a diverse customer base of 70 wholesalers representing 60% of its revenue and 2500 retailers representing 40% of its revenue. They are one of the top 3 wholesale distributors within its product lines in Southern California . Owners 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. Optional is the building for sale too or lease it.Owner is retiring . Please inquire by email from this website. 2023 even better than 2022 , numbers are coming 2022 Gross $46,484,760 EBITDA $2,704,690 2021 Gross $36,139,754 EBITDA $2,011,978 2020 Gross $31,924,484 EBITDA $2,681,264 Number of employees: 90 professionals (average tenure over 10years) Geography: Southern California (top 3 distributor in the market) 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 pallet 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 Please inquire by email from this website.
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