Annual Revenue: $40,000,000
Net Cash Flow: $1,200,000
Location: NYC, New York
A well-established NYC firm supplying tobacco, candy, and sundries to convenience stores in and around the metropolitan NYC area is offered for immediate sale. Boasting a rich tradition of timely distribution since its inception over 75 years ago, the company has methodically and painstakingly built a loyal customer base of over 3000 retailers.
This third-generation business has proven to be both recession and pandemic proof, and in fact, has demonstrated its resiliency with an average increase in SDE (seller’s discretionary earnings) of nearly 400%!!! Ideally suited for prospects wishing to leverage its expansive network, this business offers multiple scaling opportunities including introducing additional SKUs, installation and execution of a formal sales and marketing plan, geographic expansion of service area, furthering existing relationships with existing customers/sub-jobbers, and creating optimal efficiencies through technology and infrastructure improvements.
Ownership, past and present, have created a corporate culture attracting and retaining a highly motivated staff, with many long-tenured employees. The company operates out of its self-owned NYC warehouse offices and is primed for either upgrades or outright relocation. The impassioned owners are willing to stay for an extended transition complete this turnkey, legacy offering.