Niche Distributor of Gourmet Food Products

Business Description

30-Year History with Growing Industry

Note: Listing photo not representative of product type.

Strategically located in a desirable area of North Carolina, this distributor specializes in importing, repackaging, and distributing gourmet food products. Primarily serving high-end clientele including specialty food distributors, private labels, chefs, and retail customers, the business also boasts a Direct-to-Consumer (DTC) brand with great reviews and significant growth potential.

Financial Summary:
• 2023 Revenue: $11,799,000 | Adj. EBITDA: $1,840,000
• 2022 Revenue: $10,682,000 | Adj. EBITDA: $1,867,000
• 2021 Revenue: $7,768,000 | Adj. EBITDA: $1,020,000

Customer Concentration Summary:
• Customer 1: 26%
• Customer 2: 18.5%
• Customer 3: 6%
• Customer 4: 5 %
• Customer 5: 5%

Opportunity Highlights:

Pricing expectations intentionally not set. Strategic and Private Equity Group buyers strongly preferred. Confidential listing. Working capital included in sale price.

Real estate or lease offered by MidStreet Realty. Adjusted EBITDA includes NNN lease assumption to buyer.

To learn more about this remarkable opportunity, please complete our application process to access the Virtual Data Room, which includes the Confidential Information Memorandum (CIM), Marketing Video, and Financial Databook. A member of our team will follow up via email after you fill out the form on this page.

GROWTH & EXPANSION

Several opportunities for growth exist, including furthering development of Direct-to-Consumer brand, expanding product offerings, growing geographically, and continuing to invest in technology and process innovation.

Competition

Business is well-insulated from competition via long-term relationships with suppliers and customers and reputation for quality.

Support & Training

Onsite transition support and call/email support will be made available and are included in the purchase price.

Reason for Selling