Distribution Food Co. dist100
Food distribution, Forty-year-old food distribution company as an off-Premises catering company, with no retail services, 100% of its products are delivered to it many customers. Owner is now retiring after many years of success, servicing central New Jersey residents for all of their catering and social needs. The company has a 2024 yearly gross income of $1,500,366 and a substantial net yearly income which can be evidenced by formal due diligence. It is estimated, seventy percent of their yearly gross income is based on repetitive corporate accounts which include various New Jersey state Universities, colleges, and government agencies. This company is highly rated for their outstanding off premise services such as Wedding Catering, Bar Mitzvahs, Bat Mitzvahs, Corporate Events, and many other special catering events. This is a highly respected catering company with generations of goodwill to their many customers and has been rated as one of the largest most successful catering companies in the state of New Jersey. This is a dependable safe business opportunity and based on the asking price, available financing and yearly net income, this business expects to supply a consistent return on investment to the owner operator.
Employees
Regarding employees and payroll, this food service company consists of twelve employees who are unaware of the pending sale. The payroll is primarily based on a weekly base salary, and the staff is fully expected to remain post-closing, the average monthly payroll expense is approximately $56,000. Whether the service is a wedding reception, anniversary party, birthday party, sweet sixteen or a corporate event, the professional staff continues to be available to assist and guide their clients through the menu and planning process. The professional staff provides guests with exceptional food and service, from inception to completion for all social events.
Inventory
$10,000
Listing Id
DIST100
Competition
Regarding competition, based on the style of industry, to the best of our knowledge, no other new competitors are expected to affect this company. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Lease Option
Yes Available
Monthly Rent
6500
Relocatable?
Yes
Square Footage
2500
Potential Growth
Regarding competition, based on the style of industry, to the best of our knowledge, no other new competitors are expected to affect this company. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Type Of Location
Commercial
Form Of Ownership
C Corp
Security On Lease
Two months
Historical Summary
This is a twenty-five-year-old full-service Catering Company.
Training & Support
Training and owner support, the owner is fully prepared to remain post-closing and will supply an appropriate transitional period to purchaser.
Accounts Receivable
$-1
Owner Hours Per Week
Full Time
Owner Qualifications
For Qualifications purposes; this business opportunity does not require any specific government licensing approval to purchase or operate other than the standard required municipal licenses related to the food service industry.
Facilities Information
This business opportunity is in north central New Jersey, Middlesex / Somerset / Mercer Counties on a highly active county road conveniently located for quality service and delivery. This business facility is approximately 2,400 square feet consisting of a commercial kitchen, store, and office with a professional appearance. The business is in a free-standing retail facility conveniently located for its various customers. The facility is designed for high volume food production consisting of a fully equipped commercial kitchen.
Days & Hours Of Operation
Hours of operation; this business is active five days per week, with hours from 8:00 am to 4:00 pm.
Reason for Selling
The purpose of this business transaction is due to the owner relocation out of the general area.
Financials
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